Asked by Brenda Quintana on Mar 10, 2024
Verified
On June 1, Supertread Tire Company entered into a contract to provide 100 tires per month to ZYX Cycle Company at $30 per tire for the next two years. The October shipment consisted of 100 badly defective tires. ZYX Cycle Company:
A) can treat the whole contract as breached.
B) can reject the October shipment if it cannot be cured in a timely manner by Supertread.
C) cannot reject the October shipment since it is part of the installment series.
D) must pay for the defective tires, but Supertread must provide 200 tires in November.
Badly Defective
Refers to products or systems that have significant flaws or defects, severely affecting their performance, safety, or utility.
Installment Series
A sequence of payments or deliveries spread over a period of time as part of a larger agreement.
Cure
The remediation of a breach or defect in a contract, allowing for the restoration of the terms without penalty.
- Identify the consequences and procedural requirements for rejection, revocation of acceptance, and cure options within contracts.
Verified Answer
Learning Objectives
- Identify the consequences and procedural requirements for rejection, revocation of acceptance, and cure options within contracts.
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