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Revocation of Acceptance Under the Uniform Commercial Code

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Sometimes a buyer accepts goods and then decides he or she should have rejected the goods. The buyer will seek to withdraw his or her acceptance. Under the UCC, what is this known as?

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1. Under the UCC, revocation is only available when the goods are in which condition?

2. Maurice orders 100 red markers from Martha to be used for a special art project. Martha tells Maurice that she doesn't have red markers, but she'll send blue markers. Maurice receives and accepts the blue markers. He contacts Martha the next day to tell her the markers are nonconforming and he's revoking his acceptance. Under the UCC, which statement describes Maurice's rights?

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About This Quiz & Worksheet

The quiz will test you on definitions related to revocation of acceptance under the Uniform Commercial Code (UCC). The questions will provide you with particular situations. You will then need to identify the term the situation has described. Other questions will ask you to identify a particular characteristic of the given scenario.

Quiz & Worksheet Goals

The quiz tests you on the following:

  • When revocation is available under the UCC
  • Requirements for revoking acceptance
  • Rejection/acceptance of purchased goods

Skills Practiced

You will practice these skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Making connections - use understanding of the concept of revocation of acceptance
  • Knowledge application - use your knowledge to answer questions about the UCC

Additional Learning

Once you have completed the quiz, head over to the related lesson titled Revocation of Acceptance Under the Uniform Commercial Code. This fun lesson covers the following objectives:

  • Define the UCC
  • Explore Article 2 of the UCC
  • Understand the Perfect Tender Rule
  • Explain nonconforming goods
  • Describe revocation of acceptance rules
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