Question

Gentry owns a jewelry store and Daphne agrees to buy a watch for $3,000 that Gentry orders from Germany. They fail to specify where delivery will take place. Under the UCC _________

Answer 1

Answer:

Daphne must go th Gentry's store to take delivery of the watch.

Explanation:

The UCC represents Uniform Commercial Codes and it is a set of laws regulating how businesses are transacted. It especially affects the transactions of businesses across several states to ease the burden of having to engage with multiple state laws when companies do businesses across state lines.

It can also be called the framework that assists companies to follow a standardized set of laws to transact business irrespective of their different states and the UCC is fully functional across several states of the United States.

The UCC affects Nine areas of business transactions

• General Provisions
• Sales of goods aside from service contracts and real estate
• Negotiable Instruments such as drafts and checks
• Bank activities including collections as wellas deposits
• Credit Letters
• Auctions, asset liquidation and bulk sales
• Title documents such as bills of lading, warehouse receipts
• Investment Securities
• Transactions of consignments, security interests, promissory notes and agricultural liens.

Under the sales of goods UCC, where there is no stated agreement between a buyer and seller on the delivery of a good, then the buyer is obligated to take delivery at the seller's shop