Asked by Stacie Batchelor on Jun 28, 2024
Verified
Nicholas ordered 500 Christmas trees from North Pole Tree Farm to be delivered on November 14. When the trees arrive, the North Pole must accept tender of payment by any means or in any manner current, such as a check, in the ordinary course of business unless North Pole demands cash and allows Nicholas a reasonable time within which to obtain it.
Tender Of Payment
An offer to pay a debt or obligation in a legally recognized form.
Christmas Trees
Cultivated or wild trees, typically evergreen, decorated during the Christmas season as part of festive celebrations.
Ordinary Course
The normal and expected manner in which a business operates, including its regular transactions and practices.
- Ascertain the payment obligations and the rights for pre-payment inspection stipulated in a sales contract.
Verified Answer
JB
Jawad BajwaJul 03, 2024
Final Answer :
True
Explanation :
Under the Uniform Commercial Code (UCC), when goods are delivered, the seller must accept any form of payment that is ordinary in the course of business unless they specifically demand cash and give the buyer reasonable time to procure it. This means North Pole Tree Farm must accept a check from Nicholas if that is a common method of payment, unless they have previously stipulated a cash-only requirement and provided Nicholas with enough time to comply with such a requirement.
Learning Objectives
- Ascertain the payment obligations and the rights for pre-payment inspection stipulated in a sales contract.
Related questions
In the Absence of Agreement, Payment Is Due at the ...
Which Statement Is Correct Regarding Any Right of Inspection for ...
A Seller Need Not Provide an Opportunity for Inspection Before ...
When a Buyer Has a Right to Inspect the Goods,the ...
The Buyer Has an Unconditional Right to Inspect the Goods ...