Asked by Shayle Lliaban on Jul 20, 2024
Verified
If the seller cancels a contract if a buyer is in breach, the seller cannot pursue remedies available under the UCC.
Seller
An individual or entity that offers goods or services for sale to consumers or other businesses.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales of goods and secured transactions, in the United States.
Remedies
Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.
- Discern the conditions that mandate or enable the specific performance and cancellation of contracts.
Verified Answer
CP
Casandra PahedJul 25, 2024
Final Answer :
False
Explanation :
When a buyer is in breach of a contract, the seller can cancel the contract and still pursue other remedies available under the Uniform Commercial Code (UCC), such as seeking damages or selling the goods to another buyer.
Learning Objectives
- Discern the conditions that mandate or enable the specific performance and cancellation of contracts.