Accepting nonconforming goods
Problem: By accepting nonconforming goods, a buyer normally
1. waives all remedies against the seller for the nonconformity
2. is obligated to pay for the goods
3. gives up any possibility of later revoking acceptance
4. all of the above
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The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no oth
Problem: A liquidated damages clause in a contract for any sale of goods will not be enforced when:
Explain the usage of qualitative research methods
Problem: By accepting nonconforming goods, a buyer normally 1. waives all remedies against the seller for the nonconformity 2. is obligated to pay for the goods 3. gives up any possibility of later revoking acceptance 4. all of the above
Problem: The Code's statute of frauds requirement applies to all contracts for the sale of goods in an amount of $500 or more.
Conduct research on economic performance of 1 country over the last ten year, from 2005 to 2014, applying the macroeconomic indicators of real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate to argue whether yo
A failure to give substantial performance where substantial performance is normally required is a material breach of the contract.
Problem: Behavior that strongly suggests that a party will not perform his obligations under a contract cannot ever be a material breach, because this would unfairly penalize a party who, after all, may later be able to perform.
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