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Cengage question

Kubasek Cengage Missed questions

QuestionAnswer
The UCC replaces the common law concept of title with three other concepts risk of loss insurable interest identification
Under a shipment contract, title passes from the seller to buyer: at the time and place of shipment, typically by a carrier.
Under a shipment contract, when does the risk of loss shift from the seller to the buyer? When the goods are delivered to the carrier.
Under the UCC's perfect tender rule, what options does a buyer have when the seller tenders nonconforming goods? The buyer may accept all, part, or none of the goods.
The performance of a party to a contract for the sale of goods will be excused on the ground of commercial impracticability only if: the contingency was unforeseeable and would not normally have been contemplated by the parties.
Under the UCC, the right to replevy goods is usually available to a buyer when? When the buyer cannot cover.
Buyers who rightfully reject goods that remain in their possession have what is known as: the right of rejoinder.
The effect of open terms on a contract covered by the UCC is that the contract will be valid if the parties intended to form a contract and there is a reasonable basis for a court to grant a remedy.
The UCC has Statute of Frauds provisions governing: the sale of goods priced at more than $500.
Created by: tinafici