True/False
Indicate whether the
statement is true or false.
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1.
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Under the UCC, an innocent party under a breached sales or lease contract is
limited to one exclusive remedy.
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2.
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Under the UCC, a seller's tender of goods that do not conform in
every way to a contract is not a valid tender.
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3.
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In contracts involving a carrier, a seller can complete performance only through
a destination contract.
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4.
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Under a destination contract, a seller must deliver the goods to a carrier,
after which the risk of loss passes to the buyer.
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5.
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The term cure refers to the right of the seller to reject, adjust, or replace
nonconforming goods.
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6.
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An installment contract is breached if a buyer accepts any nonconforming
goods.
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7.
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If a nonconforming installment substantially impairs the value of a whole
contract, the buyer can treat the entire contract as having been breached.
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8.
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The doctrine of commercial impracticability only extends to problems that could
have been foreseen.
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9.
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If goods identified to a contract are destroyed through no fault of either
party, both parties are excused from performance.
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10.
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Unless the parties agree otherwise, the buyer must make payment at the time and
place that the goods are received.
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11.
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If goods fail to conform to a contract in any way, the buyer or lessee must
reject them.
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12.
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If a buyer breaches a contract while the seller is still in possession of the
goods, the seller can resell the goods and hold the buyer liable for any loss.
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13.
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A buyer's breach of a contract will not usually give the seller the
right to cancel the contract.
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14.
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If a lessee wrongfully refuses to accept goods that conform to a contract, the
lessor must tender substitute goods.
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15.
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If a buyer wrongfully refuses to accept goods that conform to a contract, the
seller can maintain an action to recover the damages sustained.
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16.
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An unpaid seller can bring an action to recover the purchase price, on the
buyer's breach of a contract, only if the goods are first disposed of.
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17.
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A buyer who obtains substitute goods to replace goods that a seller did not
deliver can also recover damages from the seller.
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18.
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If a lessor's tender of delivery fails to conform to a contract in any way,
the lessee can reject the goods.
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19.
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A buyer who rightfully rejects nonconforming goods can resell the goods and keep
the proceeds.
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20.
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A buyer who accepts nonconforming goods cannot revoke the
acceptance.
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