Question: Sam Spender bought several widgets from Dolly Manufacturing, Co. for $44,500 with delivery scheduled for March 10.Subsequently,Dolly Manufacturing heard a rumor that Sam became insolvent.

Sam Spender bought several widgets from Dolly Manufacturing, Co. for $44,500 with delivery scheduled for March 10.Subsequently,Dolly Manufacturing heard a rumor that Sam became insolvent.

Dolly Manufacturing may seek an assurance from Sam that he can perform under the contract.

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False

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