Which of the following is true regarding any right to "cover" in regard to a buyer's rights under the UCC?
A) The UCC does not recognize any concept called a right to cover.
B) The UCC recognizes that sellers have a right to cover and find substitute buyers in the event of a breach of contract.
C) The UCC recognizes the right of cover in regard to the right of sellers to cover transactions involving installment sales with financing statements.
D) The UCC recognizes the right of buyers to cover, or substitute, goods for those due under a sales agreement.
E) The UCC recognizes the right of sellers to resell goods to other buyers in order to cover contractual obligations.

Question

Quizplus · Accepted Answer

As with sellers and lessors, buyers and lessees also have a number of contract remedies under the UCC for breach of contract. Under UCC Sections 2-712 and 2A-518, buyers and lessees are allowed to cover, or substitute, goods for those due under the sales or lease agreement, not delay payment.

Which of the Following Is True Regarding Any Right to "Cover