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SOVA2 [1]
3 years ago
11

When a seller breaches a sales contract, the Uniform Commercial Code (UCC) provides the buyer with an option to take immediate s

teps by canceling the contract and purchasing substitute goods from another vendor in order to continue business operations. This right is known as _____.
Business
1 answer:
Aleksandr-060686 [28]3 years ago
5 0

Answer:

Cover

Explanation:

There are various rights which protect buyers from any sort of misconduct by the sellers. This right is known as 'Cover' which force sellers to follow a contract and avoid unethical behaviour. If sales contract is not followed, buyers have a Cover right to immediately cancel the contract and look for another vendor to continue business operations.

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I believe that statement is False

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List the professional skills categories required for kinesiology practitioners to be successful
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2 years ago
Steve sells his home to Srivani and ends up with a producer surplus of $100,000. Srivani has a consumer surplus of $1,000 from t
amid [387]

Answer:

Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus

Explanation:

The options to this question wasn't provided. Here are the options : Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus. Both parties experience surplus, so the transaction was equitable. Only Steve benefits from the sale. Srivani will not be happy with her purchase.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell his good.

While both parties earn a surplus, the producer surplus exceeds the consumer surplus . Therefore, the seller benefited more from the trade than the consumer.

I hope my answer helps you

3 0
3 years ago
A cognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates
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3 years ago
In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.
Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

While the market for lettuce sells identical items, there are many buyers and sellers

7 0
3 years ago
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