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Buyer's Remedies 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

Bill's Bicycle Shop orders five fancy bicycles from Bob's Fancy Bike Manufacturing. Bill's Bicycle shop pays for the order in advance, but never receives delivery of the five fancy bikes. Under the UCC, what is this called?

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1. The UCC allows various types of legal relief that are meant to compensate a party for any harm caused. What are these known as?

2. In rare circumstances, a court will require a breaching party to fulfill a sales contract to deliver unique goods. What is this known as?

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About This Quiz & Worksheet

This assessment combo gauges your understanding of buyer's remedies under the UCC. You will be quizzed on the definitions of various vocabulary associate with contracts, as well as buyer's remedies available under the UCC.

Quiz & Worksheet Goals

Use these assessment tools to test your knowledge of the Universal Commercial Code, including:

  • What covering entails
  • How to calculate a buyer's damages for a seller's breach of contract
  • What constitutes breach of contract
  • The definition of legal remedies
  • When specific performance is available as a remedy

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on buyer's legal remedies under the UCC
  • Interpreting Information - verify that you can read information regarding breach of contract under the UCC and interpret the buyer's legal remedies correctly
  • Information recall - access the knowledge you've gained regarding the purchase of reasonable replacement goods when a seller breaches a contract

Additional Learning

To learn more about Article 2 of the UCC and the legal remedies it provides buyers when sellers breach a contract, review the corresponding lesson called Buyer's Remedies Under the Uniform Commercial Code. This lesson will help you:

  • Define terms such as covering, breach of contract, legal remedies and specific performance
  • Understand the various ways a breach of contract can occur when buying and selling
  • Learn the legal remedies available for a buyer under the UCC when a seller breaches a contract for the sale of goods
  • Determine what remedies are available within the context of a particular breach of contract
  • Calculate damages the seller owes to the buyer for the breach of contract
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