Recognition Failure Is __________

question 34

Multiple Choice

Recognition failure is __________.

• A) failing to recognize things recognized earlier
• B) failing to recognize things recalled earlier
• C) failing to consciously recollect what is recognized
• D) a recognition process that is not completed in the time needed

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Definitions:

Contract Specifications

Detailed terms and conditions outlined in a contract that specify the obligations, rights, and expectations of the parties involved.

Cover

A buyer’s or lessee’s purchase on the open market of goods to substitute for those promised but never delivered by the seller or lessor. Under the Uniform Commercial Code, if the cost of cover exceeds the cost of the contract goods, the buyer or lessee can recover the difference, plus incidental and consequential damages.

Remedies

Legal means for enforcing a right or redressing a wrong, including compensation, injunctions, and specific performance.

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.