Genosha Limited ordered 500 pairs of jeans from Jeans Co. a company based in Sydney Australia. JeansCo's standard ordering form on which the order was made, provides that payment must be made within 10 days of the date of delivery. Genosha received the jeans but owing to financial difficulty, has been unable to complete the payment of the purchase price. Which of the following statements most accurately describes JeansCo's best legal position?
A) It can seek punitive damages against Genosha.
B) It can cancel the contract and sue for the recovery of the goods
C) It can sue for the recovery of the goods but cannot cancel the contract
D) It can seize the jeans as the law allows sellers some margin of self help.
E) It can sue Genosha for damages for breach of contract equivalent to the outstanding amount of the purchase price.
Correct Answer:
Verified
Q23: In Your Face Inc. manufactures mirrors, and
Q24: Real property is
A)land, buildings and fixtures
B)any hard
Q25: Which of the following is a warranty
Q26: Vera Macullum decided to have a face
Q27: Pack-it Co. sold a packaging machine to
Q29: To which of the following contracts does
Q30: Susan Luckman decided to buy a used
Q31: Which of the following does the Sale
Q32: The Omega Company is thinking of buying
Q33: Hikari owned a used car lot. In
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents