BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FDA
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FCC
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UCC
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AMA
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Detailed explanation-1: -31. Duties of seller and buyer.-It is the duty of the seller to deliver the goods and of the buyer to accept and pay for them, in accordance with the terms of the contract of sale.
Detailed explanation-2: -Uniform Commercial Code Article 2 governs the sale of goods. It was part of the original Uniform Commercial Code approved in 1951. Article 2 represented a revision and modernization of the Uniform Sales Act, which was originally approved by the National Conference of Commissioners on Uniform State Laws in 1906.
Detailed explanation-3: -Article 2 of the UCC governs the sale of “goods, ” which is defined as all things that are movable at the time of identification to a contract for sale.
Detailed explanation-4: -(12) “Contract", as distinguished from “agreement", means the total legal obligation that results from the parties’ agreement as determined by the Uniform Commercial Code as supplemented by any other applicable laws.