Asked by Sarah Boktor on Jul 20, 2024
Verified
Which of the following is the right of a buyer to substitute goods for those due under a sales agreement?
A) Consignment
B) Subrogation
C) Cover
D) Revocation
E) Reallocation
Substitute Goods
Products or services that can serve as replacements for each other; demand for one increases when the price of the other rises.
Sales Agreement
A contract between a buyer and a seller specifying the terms and conditions of the sale of goods or services.
Reallocation
The process of distributing or assigning resources, responsibilities, or assets to different tasks, projects, or accounts, often to improve efficiency or meet new objectives.
- Recognize the rights and remedies available to buyers and sellers under the UCC in transactions involving goods.
Verified Answer
JH
Jaylen HeffnerJul 21, 2024
Final Answer :
C
Explanation :
Under Uniform Commercial Code Sections 2-712 and 2A-518,buyers and lessees are allowed to cover,or substitute,goods for those due under the sales agreement.
Learning Objectives
- Recognize the rights and remedies available to buyers and sellers under the UCC in transactions involving goods.