Asked by Kalindi Schneider on Jul 08, 2024
Verified
Which of the following must a buyer do in obtaining cover?
A) Demonstrate good faith in obtaining the substitute goods,and pay a reasonable amount for the substitute goods
B) Pay a reasonable amount for the substitute goods,and act without unreasonable delay in purchasing the substitute goods
C) Act without unreasonable delay in purchasing the substitute goods,and purchase goods that are reasonable substitutes
D) Pay a reasonable amount for the substitute goods,act without unreasonable delay in purchasing the substitute goods,and purchase goods that are reasonable substitutes
E) Demonstrate good faith in obtaining the substitute goods,pay a reasonable amount for the substitute goods,act without unreasonable delay in purchasing the substitute goods,and purchase goods that are reasonable substitutes.
Substitute Goods
Products or services that can be used interchangeably to satisfy the same consumer need or demand, often influencing each other's demand in the market.
Reasonable Amount
A quantity or level that is considered to be fair, appropriate, or within acceptable limits based on the circumstances.
Without Unreasonable Delay
Acting or responding in a timely manner without excessive postponement.
- Understand the recourse options for breach of contract, involving the recovery for lost profits and the idea of cover.
Verified Answer
CS
Chisha SulweJul 08, 2024
Final Answer :
E
Explanation :
When seeking to cover,the buyer must: a)demonstrate good faith in obtaining the substitute goods; b)pay a reasonable amount for the substitute goods; c)act without unreasonable delay in purchasing the substitute goods; and d)purchase goods that are reasonable substitutes.
Learning Objectives
- Understand the recourse options for breach of contract, involving the recovery for lost profits and the idea of cover.