Exam 24: Remedies for Breach of Sales and Lease Contracts

A) Act without unreasonable delay in purchasing the substitute goods
B) Pay a reasonable amount for the substitute goods
C) Ensure the goods are identical to the original goods
D) Demonstrate good faith in obtaining the substitute goods.
E) Purchase goods that are reasonable substitutes

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A) Any amounts of money lost plus 25%
B) Any amounts of money lost plus 10%
C) Any amounts of money lost plus 15%
D) The benefit of the bargain
E) Any amounts of money lost plus 20%

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A) No because stopping delivery of goods in transit is never appropriate.
B) Yes,because the UCC allows a seller to stop delivery of goods that are in transit.
C) No,because the UCC requires sellers to notify buyers within 100 days of stopping delivery of goods in transit in the event of a breach.
D) No because stopping delivery of goods in transit is appropriate in the event of breach only if the contract is for at least 50 units of goods.
E) No because filing a lawsuit is required before stopping delivery of goods in transit.

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A) She cannot recover the damages because consumer goods are involved.
B) Maya will be able to recover the damages so long as they were reasonably incurred because of Luke's breach.
C) She is entitled to recover the damages only if she can show that Luke agreed to pay such damages in his contract with her.
D) She is entitled to recover the damages only if she can show that Luke has a history of breaching contracts of sale.
E) She is not entitled to recover the damages because she had no right to resell the furniture.

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A) The obligations of the parties are determined by the rules outlined by the UCC and by custom,but not by terms the parties outline in agreements.
B) The obligations of the parties are determined by the rules outlined by the UCC,but not by terms the parties outline in agreements or by custom.
C) The obligations of the parties are determined by terms the parties outline in agreements and rules outlined by the Uniform Commercial Code,but not by custom.
D) The obligations of the parties are determined by the terms the parties outline in agreements,custom,and rules outlined by the UCC.
E) The obligations of the parties are determined by the terms the parties outline in agreements,but not by custom or rules outlined by the UCC.

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A) The court ruled that the remedy of repair,replacement,or a refund failed of its essential purpose and that the buyer was therefore not limited to that remedy.
B) The remedy of repair,replacement,or a refund was found unconscionable but enforced anyway.
C) The remedy of repair,replacement,or a refund was not enforced because usage of trade may not supplement a contract.
D) The court ruled that the remedy of repair,replacement,or a refund did not fail of its essential purpose,and the remedy was enforced.
E) The remedy of repair,replacement,or a refund was found unconscionable and not enforced.

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A) Usage of trade may impose an exclusive remedy in the event of a breach only if a contract signed by both parties specifically provides as such.
B) Usage of trade may impose an exclusive remedy in the event of a breach.
C) Usage of trade may impose an exclusive remedy in the event of a breach only if both sides are represented by an attorney.
D) Usage of trade may not impose a remedy in the event of a breach.
E) Usage of trade may impose a remedy in the event of a breach but it may not impose an exclusive remedy.

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