Asked by
4Ever Azjaaa
on Nov 21, 2024Verified
When may a buyer revoke acceptance if a nonconformity substantially impairs the value of goods?
A) For any reason within 24 hours of acceptance.
B) For any reason within 48 hours of acceptance.
C) For any reason within 7 days of acceptance.
D) For any reason within 30 days of acceptance.
E) Only if the buyer had a legitimate reason for the initial acceptance.
Revoke Acceptance
The act of formally withdrawing acceptance of an offer in a contract, typically due to the discovery of a defect or misrepresentation that significantly affects the contract's value.
Nonconformity
The failure of a product, document, or service to meet specified or implied standards or expectations.
- Distinguish and discern the differences between conforming and nonconforming goods in the realm of sales and lease agreements.
Verified Answer
NB
Learning Objectives
- Distinguish and discern the differences between conforming and nonconforming goods in the realm of sales and lease agreements.
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