Question: Answer following True or False question: 1 The duties and obligations of the parties to a contract include those specified in the agreement. 3. When

Answer following True or False question: Answer following True or False question: 1 The duties and obligationsof the parties to a contract include those specified in the agreement.3. When one party fails to cooperate with the other party incarrying out the terms of a contract, the other party may be

1 The duties and obligations of the parties to a contract include those specified in the agreement. 3. When one party fails to cooperate with the other party in carrying out the terms of a contract, the other party may be excused from performing. If a contract does not specify where the goods are to be delivered and the buyer is to pick them up, the place of delivery is the location of the goods. If a contract involves a sale of identified goods that the parties know are located somewhere other than the seller's place of business, the place of delivery is the seller's place of business. Under a shipment contract involving perishable goods, the seller is responsible for making sure that the goods are shipped properly. 5. 6. 7. A seller who refuses to deliver goods because recent price increases make the delivery unprofitable can terminate the contract on the basis of commercial impracticability. Unless the parties agree otherwise, a buyer or lessee must pay for goods at the time and place of their receipt. 9. 10

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