Business Law - One way a buyer might breach a contract for the sale of goods is by wrongfully refusing to accept them.

In general, what is the effect on risk of loss when a party breaches a contract> a. the breaching party will bear the risk of loss for some period of time b. the breaching party will permanently bear the risk of loss c. the breach can speed up shift of the risk of loss to the buyer, or return the risk to the seller c. A and C

Here is the Scenario: Fun Fashion Clothing (Fun Fashion), a US company, has its line of clothing manufactured in India, by Glamor Fabrics (Glamor). Glamor supplies garments to many U.S. companies using the designs supplied by the US company. Glamor purchases fabrics from around the world and subcontracts some of the clothing ass

Are the UCC'S rules related to cure sensible? If a seller ships goods that are not what you ordered, should you (in many circumstances) be required to give them a chance to make it right?

9. Due to a rapid decline in the price of horseshoes, which can now be bought and sold for 50 cents each, Mark refuses to buy 1,000 horseshoes from Clark for $1 per shoe and thus breaches an existing contract. Clark is entitled to recover a. $1,500. b. $1,000. c. $500. d. $0. 10. Air Transport Company contracts to bu

Prepare a Sales Contract Your client, Widgets, Inc., has a factory in Detroit where they produce widgets for sale. They have recently received a large order from Machines, Inc. in Austin, Texas for 2,000 widgets at $100 per widget. The client has not specified any additional terms of the purchase. Prepare a contract for th

I need help in finding a solution to Business Law UCC2-712,2A-518 which is a remedy of the buyer or lessee which is under the RIGHT OF COVER. I need a short a paragraph for each explanation of the right of cover. Thanks Explanation # 1 (demonstrate how an existing statute or regulation provides a remedy to a consumer when

Seller and buyer enter into a contract for buyer to purchase 1,000 pot holders for $1,000. Assume for purposes of this question the contract is in writing and otherwise meets all requirements of the Statute of Frauds. Buyer breaches the contract and seller resells to a local company for $900. Discuss the remedies that are availa

Question 31 When a warranty covers the future performance of goods, the breach occurs: A. at the time the buyer should have discovered the defect in the product. B. anytime within four years after the buyer discovers the defect. C. anytime within ten years after the buyer discovers the defect. D. none of the above

In most cases, the remedy for a breach of contract is monetary damages (actual losses). In some cases, "specific performance" is the appropriate remedy. What is specific performance, why would the aggrieved part want it, and when would a court require specific performance?