Southeastern Supplies (SS) is a manufacturer and supplier of office equipment. SS contracts to sell University of Florida (UF) , a local university, 5,000 UF Gator mousepads at $10 per mousepad for delivery on August 1 and payment of $100,000 due upon delivery. If UF breaches before accepting the goods, SS has the following options for remedies:
A) Resell the goods at fair market value to another party
B) Return the goods to the supplier
C) Sue for the purchase price if a resale is unsuccessful or not feasible due to the unique nature of the goods
D) Resell the goods at fair market value to another party and sue for the purchase price if a resale is unsuccessful or not feasible due to the unique nature of the goods
Correct Answer:
Verified
Q15: The UCC allows the seller more than
Q16: Southeastern Supplies (SS) is a manufacturer and
Q17: Southeastern Supplies (SS) is a manufacturer and
Q18: Southeastern Supplies (SS) is a manufacturer and
Q19: Southeastern Supplies (SS) is a manufacturer and
Q21: A seller may also incur _ damages
Q22: If a buyer accepts conforming goods delivered
Q23: The UCC allows the buyer to pursue
Q24: In an installment contract each lot must
Q25: A buyer can accept one installment without
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