If goods are identified at the time the parties entered into a contract and these goods are destroyed through no fault of the parties before risk passes to the buyer,which of the following is true?
A)The parties are excused from performance.
B)The seller has 7 days within which to cure.
C)The seller has 10 days within which to cure.
D)The seller has 30 days within which to cure.
E)The seller has 60 days within which to cure.

Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Sections 2-613 and 2A-221,if goods are identified at the time the parties entered into a contract and the goods are destroyed through no fault of the parties before risk passes to the buyer or lessee,the parties are excused from performance.

If Goods Are Identified at the Time the Parties Entered