[New Furniture] Kristin purchased $2,000 worth of furniture from Solid Wood Furniture. Through an arrangement with Solid Wood, Kristin financed the purchase through a financing company called Let Us Help You. Twenty-nine days after the goods were delivered to her, Kristin had a disagreement with Let Us Help You regarding the amount of interest she would be required to pay. She notified Solid Wood on that day that she was rejecting the goods. Solid Wood claimed that she did not properly reject the furniture and also that she failed to act in good faith, an obligation imposed equally on all parties to a transaction. Kristin says that she properly rejected; that, although the UCC imposes no duty of good faith, she acted in good faith; and that, in any event, she had an absolute right to return the goods.
-Which statement is true regarding both the UCC and common law with regard to conforming and nonconforming goods?
A) Under the UCC and common law, if goods fail in any respect to conform to the contract, the buyer has the right to accept the goods, reject the entire shipment, or accept part and reject part.
B) The perfect tender rule recognizes the distinction between material and immaterial contractual requirements.
C) Both the UCC and common law recognize the distinction between material and immaterial contractual requirements.
D) Common law usually substitutes perfect tender with the doctrine of substantial performance.
E) Under common law, if goods fail in any respect to conform to the contract, the buyer has the right to accept the goods, reject the entire shipment, or accept part and reject part.
Correct Answer:
Verified
Q67: [Brea's Berries] Brea, a berry farmer, regularly
Q68: [Toshi's Dolls] Toshi owns a specialty doll
Q69: [Toshi's Dolls] Toshi owns a specialty doll
Q70: [Toshi's Dolls] Toshi owns a specialty doll
Q71: [New Furniture] Kristin purchased $2,000 worth of
Q73: Margot, a jewelry dealer, sent a shipment
Q74: How often is the right to inspection
Q75: [Smeared cupcakes] Kai orders forty decorated cupcakes
Q76: [Brea's Berries] Brea, a berry farmer, regularly
Q77: [New Furniture] Kristin purchased $2,000 worth of
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