Asked by Priscila Troche on May 04, 2024
Verified
List the eight options discussed in the text that may be available to a buyer/lessee when the seller/lessor is in breach.
Buyer/Lessee
The individual or entity that purchases or leases goods or property.
Breach
The action of violating or not adhering to a rule, contract, or ethical guideline.
- List the remedies available to a buyer or lessee when a seller or lessor is in breach of contract.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
When the seller/lessor is in breach,the buyer/lessee can: a)cancel the contract and seek remedies giving them the benefit of the bargain; b)obtain cover; c)sue to recover damages; d)recover the goods; e)obtain specific performance; f)reject nonconforming goods; g)revoke acceptance of nonconforming goods; or h)accept the nonconforming goods and seek damages.
Learning Objectives
- List the remedies available to a buyer or lessee when a seller or lessor is in breach of contract.