Asked by Michelle Warren on Jun 05, 2024
Verified
An aggrieved seller who resells wrongfully rejected goods is accountable to the original buyer for any profit made on the resale.
Wrongfully Rejected
The improper refusal of a contracting party to accept performance or delivery of contracted goods or services.
Resells
The act of selling something that one has previously bought to a third party.
Original Buyer
The first purchaser of a good or service, directly from the manufacturer or provider, before any subsequent resale.
- Comprehend the repercussions and solutions accessible in instances where a buyer or seller violates a sales agreement.
Verified Answer
KB
KANDA BALJINDER-SINGHJun 08, 2024
Final Answer :
False
Explanation :
Under the Uniform Commercial Code (UCC), an aggrieved seller who resells goods after a buyer's wrongful rejection has the right to recover the difference between the resale price and the original contract price, along with any incidental damages, but is not accountable to the original buyer for any profit made on the resale.
Learning Objectives
- Comprehend the repercussions and solutions accessible in instances where a buyer or seller violates a sales agreement.