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

Question

Quizplus · Accepted Answer

A)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.
B)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.
C)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.
D)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.
E)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.

Does a Buyer Have a Right to "Cover Under the UCC