Meister Bros. shipped 250 radiator belts to fill Braybon's order. Quality control measures had been in place in Meister's factory when the belts were manufactured. When Braybon received the order one day before it was due, it notified Meister that it rejected the belts because of a variation from the contract specifications. Meister, although it believed the original belts met the contract
specifications, notified Braybon that it would supply conforming goods within one week. When the conforming goods arrive in one week
a. Braybon must accept them, but does not have to pay the full price because the contract deadline has passed.
b. Braybon does not have to accept them because Meister Bros. only has one chance to fill the order correctly.
c. Braybon should accept them because Meister Bros. has a right to cure even after the contract deadline under these circumstances.
d. Braybon does not have to accept them because Meister Bros. failed to meet its UCC requirement to deal in good faith.
c
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Which one of the following items is not part of the minimum lease payments from the standpoint of the lessee?
a. The minimum rental payments called for by the lease b. Any guarantee the lessee is required to make at the end of the lease term regarding any deficiency from a specified minimum c. Any estimated residual value at the end of the lease term d. Any payment the lessee must make at the end of the lease term to purchase the leased property under a bargain purchase option
Which of the following is NOT a cash inflow?
a. loans b. wages c. sales d. interest
Region Construction Company has a right to drive its trucks across Staple Business, Inc.'s property, which is adjacent to Region's office. This right is
A. a leasehold estate. B. a license. C. an easement. D. a profit.
When one party makes a material change in the terms of the contract without the approval of the other party, the contract is discharged by
a. substantial performance. b. accord and satisfaction. c. alteration. d. waiver.