Revocation of Acceptance of Goods

Revocation of Acceptance of Goods

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains the Uniform Commercial Code (UCC) rules regarding the acceptance and revocation of goods. It outlines that once goods are accepted, the acceptance is generally final. However, exceptions exist, such as when goods are non-conforming and the seller fails to cure the defect within a reasonable time. The process of revocation must be communicated to the seller, and it is valid if the seller does not remedy the non-conformity within the contract period. The tutorial emphasizes the importance of understanding the conditions under which revocation is permissible.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the general presumption about the acceptance of goods under the UCC?

Acceptance is always temporary.

Acceptance is presumed final unless exceptions apply.

Acceptance can be revoked at any time.

Acceptance is only valid if goods are non-conforming.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what condition can a buyer revoke acceptance of non-conforming goods?

If the goods are used by the buyer.

If the buyer changes their mind.

If the seller fails to cure the non-conformity within a reasonable time.

If the seller agrees to a refund.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must a buyer do to maintain the ability to revoke acceptance of goods?

Alter the goods significantly.

Sell the goods to another party.

Use the goods as intended.

Treat the goods in a way that allows for revocation.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for a revocation of acceptance to be valid?

The seller must agree to the revocation.

The buyer must return the goods immediately.

The buyer must pay a penalty fee.

The buyer must notify the seller within a reasonable time.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is revocation of acceptance not allowed?

When the seller has failed to deliver on time.

When the goods are non-conforming.

When the buyer has altered the goods' usability.

When the buyer has not inspected the goods.