Asked by
Schnyyder Louis
on Nov 21, 2024
Verified
Which of the following is true of remedies provided by the UCC?
A) The remedies must be narrowly administered to ensure justice.
B) The remedies must be liberally administered to put the aggrieved party in as good a position as if the other party had fully performed
C) The remedies must be liberally administered to put the aggrieved party in a better position than he would have been in had performance occurred.
D) The remedies must be liberally administered to punish the wrongdoing party
E) The UCC does not provide remedies
Aggrieved Party
An individual or entity that has suffered a legal wrong or injury for which the law provides a right to seek relief or compensation.
UCC
The Uniform Commercial Code is an exhaustive assortment of legal regulations that manage all commercial activities in the United States.
Remedies
Legal means for enforcing a right or redressing a wrong, including compensation, restitution, and injunctions.
- Recognize and comprehend the solutions offered by the Uniform Commercial Code for contract breaches.
Verified Answer
KS
Learning Objectives
- Recognize and comprehend the solutions offered by the Uniform Commercial Code for contract breaches.