Is Aranda correct that full payment should be made at the time of delivery?
A) Yes, because the UCC requires "reasonable payment terms" to be supplied at the time of delivery.
B) Yes, since the terms of payment were left open, payment is due at the time and place at which the buyer is to receive the goods.
C) No, because all material terms must be specified.
D) No, because of the mirror image rule.
E) No, because the statute of frauds requires payment terms to be in writing.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), when the terms of payment are not specified in a contract for the sale of goods, payment is due at the time and place at which the buyer is to receive the goods. This is because the UCC fills in gaps in commercial contracts with default provisions to facilitate commerce.

Is Aranda Correct That Full Payment Should Be Made at the Time