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babymother [125]
2 years ago
8

Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.

a.) The sales contract for a company that sells art includes a liquidated damages clause in the event of a breach of contract that the courts have deemed reasonable. b.) A toy company sells a defective rocket launcher that injures a young boy. The sales contract excludes responsibility for all consequential damages related to the sale of its products, so the company only agrees to refund the cost of the defective toy. c.) In its sales contract, a bookseller imposes a one-year limit on charges of breach of contract. d.) A sporting goods store allows for a single remedy for any contract breaches in its sales contract.
Business
1 answer:
den301095 [7]2 years ago
8 0

The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:

b.) A toy company sells a defective rocket launcher that injures a young boy. The sales contract excludes responsibility for all consequential damages related to the sale of its products, so the company only agrees to refund the cost of the defective toy.

<h3>What is UCC for contract remedies for a seller's breach of contract?</h3>

Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period.  Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC).  The code sets the same comprehensive laws for all commercial activities in the US.

Thus, option "C" is correct.

To learn more about UCC  click here:

brainly.com/question/13640672

#SPJ1

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During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
Veseljchak [2.6K]

Answer: 320 units

Explanation:

The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:

Total units completed= 160 units + 290 units = 450 units

Beginning WIP = 160 units

Ending WIP = 30 units

Equivalent units of production:

= 450 + 30 - 160

= 480 - 160

= 320 units

8 0
3 years ago
Is a promise to refrain from doing an unlawful act and, therefore, is a promise that will not support a contract.
aleksley [76]

I'm a little confused on this question however, I'm 99% sure the answer is illusory promise because an illusory promise is one that does not hold any legal weight due to it possibility being a biased and non mutual agreement and it's just a verbal contract in the place of a paper contract.


6 0
3 years ago
Read 2 more answers
Suppose that Billy McGee owns the Internet domain www.ironmaiden.com. Iron Maiden, the legendary British heavy metal band, was g
Eduardwww [97]

Answer:

B

Explanation:

Coase theorem states that in a situation of conflicting property right . the trading parties should be able to arrive at a mutually benefiting term that should cover the the  cost and other underlying value of the property involved.

In the scenario above , for  Billy McGee to retain the domain name as the WIPO has already given the right to Iron maiden , he will have to pay iron maiden more than the value to iron maiden and less than the value to him so that the two can mutually benefit from the transaction

5 0
3 years ago
How would you reconcile for a bank service fee listed on the statement?
konstantin123 [22]

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.

Learn more about bank service charges at brainly.com/question/26494219

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3 0
1 year ago
Marion Company reported net income of $170,000 for the current year. Depreciation recorded on buildings and equipment amounted t
podryga [215]

Answer and Explanation:

The preparation of the cash flow from the operating activities is presented below:

                                            Marion Company

                                        Cash flow statement

Cash flow from operating activities

Net income $170,000

Adjustment made

Add: Depreciation expenses $50,000

less: Increase in account receivable -$8,000 ($40,000 - $32,000)

Add: Decrease in inventory $8,000 ($50,000 - $58,000)

Less: Decrease in account payable -$7,000 ($11,000 - $18,000)

Add: Increase in salaries payable $4,000 ($10,000 - $6,000)

Net cash provided by operating activities $217,000

The cash inflow represents in a positive sign and the cash outflow represents in a negative sign

4 0
3 years ago
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