If the buyer fails to pay according to the terms of the agreement,which of the following remedies is available to the seller without court action?
A)sellers may cancel the contract and withhold delivery of goods;but sellers may not sell undelivered goods to another buyer or sue for damages.
B)Sellers may cancel the contract,withhold delivery of goods,or sell the goods to another buyer.
C)Sellers withhold delivery of goods or sell undelivered goods to another buyer but cannot cancel the contract.
D)Sellers may cancel the contract as their only remedy.
E)Sellers may cancel the contract;but sellers may not withhold delivery of goods or sell undelivered goods to another buyer.

Question

Quizplus · Accepted Answer

A)UCC Sections 2-703f)and 2A-5231)a)allow a seller or lessor to cancel the contract if the buyer or lessee is in breach.UCC Sections 2-703a)and
2A-5231)c)allow sellers or lessors to withhold delivery of goods when the buyer or lessee is in breach.Sellers or lessors are allowed to sell the goods to another buyer or dispose of the goods when the buyer is in breach and the goods have not yet been delivered.
B)UCC Sections 2-703f)and 2A-5231)a)allow a seller or lessor to cancel the contract if the buyer or lessee is in breach.UCC Sections 2-703a)and
2A-5231)c)allow sellers or lessors to withhold delivery of goods when the buyer or lessee is in breach.Sellers or lessors are allowed to sell the goods to another buyer or dispose of the goods when the buyer is in breach and the goods have not yet been delivered.
C)UCC Sections 2-703f)and 2A-5231)a)allow a seller or lessor to cancel the contract if the buyer or lessee is in breach.UCC Sections 2-703a)and
2A-5231)c)allow sellers or lessors to withhold delivery of goods when the buyer or lessee is in breach.Sellers or lessors are allowed to sell the goods to another buyer or dispose of the goods when the buyer is in breach and the goods have not yet been delivered.
D)UCC Sections 2-703f)and 2A-5231)a)allow a seller or lessor to cancel the contract if the buyer or lessee is in breach.UCC Sections 2-703a)and
2A-5231)c)allow sellers or lessors to withhold delivery of goods when the buyer or lessee is in breach.Sellers or lessors are allowed to sell the goods to another buyer or dispose of the goods when the buyer is in breach and the goods have not yet been delivered.
E)UCC Sections 2-703f)and 2A-5231)a)allow a seller or lessor to cancel the contract if the buyer or lessee is in breach.UCC Sections 2-703a)and
2A-5231)c)allow sellers or lessors to withhold delivery of goods when the buyer or lessee is in breach.Sellers or lessors are allowed to sell the goods to another buyer or dispose of the goods when the buyer is in breach and the goods have not yet been delivered.

If the Buyer Fails to Pay According to the Terms