Asked by Katherin Mejia on May 07, 2024
Verified
Which of the following most accurately describes the action taken by Maddie?
A) Maddie breached the contract
B) Maddie revoked acceptance and covered
C) Maddie canceled the contract and exchanged
D) Maddie substantially performed
E) Maddie engaged in a trade modification
Revoked Acceptance
The act of withdrawing acceptance of an offer in a contract, making the agreement void, under specific legal conditions.
Trade Modification
An alteration or change to the terms of a trade agreement or contractual relationship.
- Acquire knowledge about the UCC's provisions for remedies to sellers and buyers in the event of a breach, emphasizing specific performance and revocation of acceptance.
Verified Answer
PT
Payton TranumMay 09, 2024
Final Answer :
B
Explanation :
Maddie revoked acceptance of the defective fixtures due to their worsening condition and covered by purchasing replacements elsewhere, as allowed under the Uniform Commercial Code for goods that fail to conform to the contract.
Learning Objectives
- Acquire knowledge about the UCC's provisions for remedies to sellers and buyers in the event of a breach, emphasizing specific performance and revocation of acceptance.