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Question
The United Nations Convention on Contracts for the International Sale of Goods, with regard to cure:A.does not recognize cover as a seller's remedy.
B.follows the same cure rules as stated in the UCC.
C.allows an absolute right and obligation for a seller to cure and the buyer must allow the seller to cure even if the time for performance is past due.
D.requires that the seller apply to the International Court of Justice for the right to cure and the court will evaluate each case individually.
Answer
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Related questions
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Which of the following involves a third party substitution?
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C.substitute agreement/modification
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In Mobil Oil Exploration & Producing Southeast, Inc. v. United States:
A.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the original contract amounting to repudiation by the United States.
B.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the contract, barring certain types of oil exploration, frustrating Mobil's contractual purpose.
C.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, they had not yet filed their oil excavation plan so they could not know whether they were facing a problem.
D.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, it did not substantially change the terms of the original contract.
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Each of the following is a discharge by mutual consent except:
A.accord and satisfaction.
B.novation.
C.rescission.
D.frustration of purpose.
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Q:
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B.An agreement to sell of a car for $1,500.
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Q:
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