Burnside Roofing contracts to sell asphalt and metal shingles to Faubush Contractors. Burnside, through no fault of its own, is unable to deliver the shingles to Faubush by rail as agreed because that type of carrier is unavailable. Explain what the UCC requires
The UCC excuses neither the seller nor the buyer on the ground that delivery in the express manner provided in the contract is impossible, as long as a practical alternative exists. Where neither Burnside nor Faubush is at fault, Burnside must use a substitute type of carrier, if commercially reasonable, and Faubush must accept this manner of delivery. UCC Section 2-6141..
You might also like to view...
Each and every step (in the ten step research process) should be followed in a step-by-step fashion in order to ensure a quality research project
Indicate whether the statement is true or false
For each of the following oversights, state whether total assets will be understated, overstated, or not affected. ______
a. Failure to record revenue earned but not yet received ______ b. Failure to record expired rent ______ c. Failure to record accrued interest in the bank ______ d. Failure to record depreciation ______ e. Failure to record accrued wages ______ f. Failure to convert unearned revenue to earned revenue
To assign production costs to products manufactured, managers must trace all period costs to units produced and prepare process cost reports
Indicate whether the statement is true or false
Which strategy is used for messages that convey good news?
A. direct strategy B. indirect strategy C. vertical strategy D. horizontal strategy