Asked by
Esperanza Tolley
on Nov 21, 2024Verified
Lui tells Kai the cupcakes can still be sold. Must Kai accept the cupcakes?
A) Yes, because they are still sellable and he must pay the price under the contract.
B) Yes, his only option is to accept the cupcakes and ask for a price reduction.
C) No, but Kai must provide Lui with time to cure.
D) No, Kai can treat the contract as void or Kai can ask Lui for a price reduction and then accept the damaged goods.
E) No, Kai's only option is to treat the contract as void.
Price Reduction
A decrease in the selling price of goods or services, often used as a strategy to increase consumer demand or clear out inventory.
Void Contract
An agreement that lacks legal enforceability or is null from its inception due to certain legal deficiencies.
- Comprehend the obligations that the Uniform Commercial Code imposes on buyers and sellers.
- Appreciate nuances in contract law concerning acceptance, rejection, and cure of nonconforming goods.
Verified Answer
SM
Learning Objectives
- Comprehend the obligations that the Uniform Commercial Code imposes on buyers and sellers.
- Appreciate nuances in contract law concerning acceptance, rejection, and cure of nonconforming goods.
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