Rosemary signs a contract to sell 500 wood panels for a specified price to Schirmer Industries to be delivered by April 1.In this case:

Question

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All statements are true because in a contract for the sale of goods, the seller (Rosemary) has a duty to deliver the goods by the specified date (April 1), and the buyer (Schirmer Industries) has a corresponding right to receive the goods by that date. The duties and rights of the parties in a contract are correlative, meaning they correspond to and depend upon each other.

Rosemary Signs a Contract to Sell 500 Wood Panels for a Specified