Asked by
grace vuong
on Nov 21, 2024Verified
Who created the exceptions to the perfect tender rule?
A) Courts, the U.S. Congress, and the UCC drafters
B) Federal court, but not state court
C) Courts and UCC drafters
D) Courts and the U.S. Congress
E) The U.S. Congress and UCC drafters
Perfect Tender Rule
A principle in commercial law that allows buyers to reject goods if they do not meet all contract specifications.
Good Faith
An honest intention to act without taking an unfair advantage over another party, typically in contractual or negotiation contexts.
Financing Company
An organization that provides money or credit to individuals or companies for purchases or investments.
- Familiarize oneself with the perfect tender rule, including when it becomes relevant.
- Grasp the concept of "good faith" as it underlies transactions under the UCC.
Verified Answer
AB
Learning Objectives
- Familiarize oneself with the perfect tender rule, including when it becomes relevant.
- Grasp the concept of "good faith" as it underlies transactions under the UCC.