Asked by Katie Uittenbogaard on Jul 25, 2024
Verified
Under what circumstances may the buyer seek the remedy of replevin?
A) Where the buyer has been unable to obtain cover.
B) Where the goods have been shipped under reservation of a security interest in the seller and that interest has been satisfied.
C) Where the goods are specially manufactured but can be purchased from another source.
D) Both if the buyer has been unable to obtain cover and where the goods have been shipped under reservation of a security interest in the seller and that interest has been satisfied.
Replevin
A legal action to recover personal property that has been wrongfully taken or retained.
Cover
In contracts, especially concerning the sale of goods, the act of obtaining replacement goods or services when a seller fails to fulfill their obligations.
Security Interest
A legal claim or right granted over an asset to secure the payment of a debt or performance of some other obligation.
- Identify the range of remedial recourse available to parties after a breach, which encapsulates the recovery of goods, claiming damages, securing cover, and undertaking replevin.
Verified Answer
SA
Samer AlanbakiJul 31, 2024
Final Answer :
D
Explanation :
Replevin is a legal remedy that allows a buyer to recover goods unlawfully withheld by a seller. It is applicable in situations where the buyer cannot obtain cover (find a substitute for the goods) and where goods have been shipped with a security interest that has been satisfied, indicating the buyer's right to possess the goods.
Learning Objectives
- Identify the range of remedial recourse available to parties after a breach, which encapsulates the recovery of goods, claiming damages, securing cover, and undertaking replevin.