Knecht contracts to sell $20,000 of goods to Morales. Later, Morales hears from another supplier that Knecht is having financial trouble, and Morales is concerned that Knecht will not be able to fill his order. If Morales has reasonable grounds for insecurity about Knecht's contractual performance:
A) Morales has no recourse except to wait for the contractual delivery date and, if Knecht fails to deliver, Morales can then sue for breach of contract.
B) Morales may demand written assurance of performance from Knecht before the contract delivery date, and Knecht must provide adequate assurance within a reasonable time not exceeding 30 days.
C) Morales may demand assurance of performance from Knecht, and Knecht must provide adequate assurance within ten days or the contract is repudiated.
D) the statement by the other supplier creates an anticipatory repudiation which allows Morales to avoid the contract.
B
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Current assets, typically held and used for several years, include land, buildings, equipment, patents; and long-term investments in securities
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The number of products or operations that are performed at the same time and the resulting degree of difficulty best defines
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