Question: The Uniform Commercial Code ( UCC ) governs contracts that are made for the sale or the lease of goods. The duties of the parties

The Uniform Commercial Code (UCC) governs contracts that are made for the sale or the lease of goods. The duties of the parties are for the seller to turn over the goods to the buyer, who will accept and pay for the goods. In the event that one of the parties does not comply with these duties, certain remedies may be available under the UCC.
Concept Review:
Important concepts in sales contracts are rights and duties as well as remedies. This exercise will examine your understanding of these concepts.
Case:
Read the case below and answer the questions provided.
Report:
Tile-It Company (not a real firm) recently took an order from Olivia for a specific brand and color of tile for her new accounting office. At the time of the order, Olivia made it clear that she needed the floor completed before October 7th as she was scheduled for her Grand Opening on October 8th. Tile-It accepted the terms of the contract and delivered the first of three shipments on September 7th, the second on September 15th, and the final shipment on September 21st. None of the shipments were due until September 21st, the date scheduled for the tile workers to begin installing the tile. Upon beginning their tile work on the 21st, Olivia discovers that the tile was the wrong color. She immediately notifies Tile-It of the tile's nonconformity upon its discovery. Tile-lt's manager informs Olivia that she is out of luck because she did not advise his company that the tile was the wrong color upon delivery.
Assuming Tile-lt was informed that the tile was nonconforming, how long does it have to pick up the nonconforming goods? Would Tile-It be required to pay Olivia any expenses related to storage of the tile until pickup?
 The Uniform Commercial Code (UCC) governs contracts that are made for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!