The Suppliers in a Supply Chain Are Referred to as ______________

question 19

Multiple Choice

The suppliers in a supply chain are referred to as ______________ supply chain members.

• A)downstream
• B)midstream
• C)upstream
• D)None of these answer choices is correct.

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Definitions:

Uniform Commercial Code

A set of laws that provide a standardized and comprehensive framework for the regulation of commercial transactions across the United States.

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.

Perfect Tender Rule

A legal principle in commercial law that sellers must deliver goods that exactly meet the terms of the contract without any deviation.

Material Breach

A substantial breach of a significant term or terms of a contract that excuses the nonbreaching party from further performance under the contract and gives the nonbreaching party the right to recover damages.