Tim signs a contract to sell 500 wood pallets for a specified price to Schirmer Industries to be delivered by September 1.In this case:

Question

Quizplus · Accepted Answer

Option A is correct because Tim has a duty to deliver the goods by the specified date of September 1st as per the contract.
Option B is correct because Schirmer Industries has a right to receive the goods by the specified date of September 1st as per the contract.
Option C is correct because the duties and rights of both parties are correlative in this contract.

Tim Signs a Contract to Sell 500 Wood Pallets for a Specified