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PolarNik [594]
3 years ago
11

A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____________ the value of

the goods and the buyer had a legitimate reason for the initial acceptance.
Business
1 answer:
Alisiya [41]3 years ago
4 0

Answer:

A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects <u>substantially impair</u> the value of the goods and the buyer had a legitimate reason for the initial acceptance.

Explanation:

This statement is defined in § 2-608. Revocation of Acceptance in Whole or in Part. of Article 2 - Sales of the Uniform Commercial Code (UCC).

The buyer may revoke his acceptance of a lot or commercial unit whose non-conformity substantially impairs its value to him if he has accepted it

(a) on the reasonable assumption that its non-conformity would be cured and it has not been seasonably cured; or

(b) without discovery of such non-conformity if his acceptance was reasonably induced either by the difficulty of discovery before acceptance or by the seller's assurances.

(2) Revocation of acceptance must occur within a reasonable time after the buyer discovers or should have discovered the ground for it and before any substantial change in condition of the goods which is not caused by their own defects. It is not effective until the buyer notifies the sellerof it.

(3) A buyer who so revokes has the same rights and duties with regard to the goodsinvolved as if he had rejected them.

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In 1895, the first putting green championship was held. the winner’s prize money was $190. in 2014, the winner’s check was $1,49
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Answer:

The interest rate is 7.83%

Explanation:

The winner price in the year 1895 = $190

The winner price in the year 2014 = $1490000

Time duration between, 2014 – 1895 = 119 years

Now we have to find the interest rate at which the winner price has been increased. Thus, use the below formula to find the interest rate.

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