The UCC give buyers and lessees the ability to ________?
A) keep the proceeds as the benefit of the bargain, but cannot cancel the contract.
B) cancel the contract and to seek remedies that give them the benefit of the bargain.
C) rescind the contract and seek punitive damages.
D) refuse the goods immediately and sue for punitive damages.
E) receive the benefit of the bargain plus 25% of the expected profits.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) allows buyers and lessees the option to cancel the contract and seek remedies that ensure they receive the benefit of the bargain. This is designed to put them in the position they would have been in had the contract been fully performed as agreed.

The UCC Give Buyers and Lessees the Ability to ________