In a case of ________ goods,the seller or lessor may choose either (1)to cease manufacturing the goods and resell them for scrap or salvage value or (2)to complete the manufacture of the goods and resell,release or otherwise dispose of them to another party.

Question

Quizplus · Accepted Answer

Unfinished goods refer to goods that have not yet been completed or prepared for use. In such cases, the seller or lessor has the option to either complete the manufacturing process or resell them as scrap or salvage value. This option is available only in the case of unfinished goods, and not in the case of durable, prefabricated, or specially-manufactured goods. Wholesale is a term used to refer to the sale of goods in bulk to retailers, and is not relevant to the given scenario.

In a Case of ________ Goods,the Seller or Lessor May