Klint Microsystems, a microprocessor manufacturer, was contracted by Zeitar Studios to manufacture specially designed microchips to be used in an audio engineering process. Zeitar was to pay Klint $300,000 as per the contract. Klint decided to redesign its existing microchips and make them suitable for Zeitar. While the finished microchips were being shipped via a carrier, Klint was informed of Zeitar's insolvency. Klint cancelled the shipment before it was delivered. Klint then resold the chips to another studio where it had to settle for $150,000, as the chips were now suitable for specific audio engineering processes only. What remedy did Klint exercise when it stopped shipment to Zeitar?
A) remedy to dispose of goods
B) remedy to stop goods in transit
C) remedy to obtain specific performance
D) remedy to recover purchase rent
Correct Answer:
Verified
Q15: In a shipment contract the risk of
Q16: Explain these commonly used shipping terms: F.O.B.,
Q17: A seller or lessor has _ if
Q18: Anna dropped off her engagement ring with
Q19: In a case where the real owner
Q21: Which of these is NOT a factor
Q22: On March 1, Bob Byer entered into
Q23: What are liquidated damages? Does the UCC
Q24: The doctrine of _ governed the law
Q25: If a seller or lessor fails to
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