Multiple Choice
T.T. Inc. creates and sells hats. The Local Ironworkers 452 have contracted with T.T. Inc to purchase 150,000 hats for $15,000 with a delivery date of July 1. Local Ironworkers 452 paid a $5,000 deposit upon signing the contract, with the remaining $10,000 balance due when the hats are delivered. In the contract, Local Ironworkers 452 specified that "time is of the essence due to a local union campaign." Local Ironworkers 452 has reason to believe from another local chapter that there was an issue in the hats arriving a day after an important rally. After requesting reassurances, T.T. Inc. fails to respond within 35 days. What may happen to T.T. Inc. if they fail to deliver the hats timely?
A) the contract is repudiated
B) recovery of contractual damages
C) the contract is in breach
D) All of the choices are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Southeastern Supplies (SS) is a manufacturer and
Q2: The UCC treats a _ as a
Q3: Upon the buyer's breach, the _ has
Q4: Liquidated damages that are unreasonably low will
Q5: What types of remedies are available during
Q7: The UCC allows the seller more than
Q8: Liquidated damages clauses will not be enforced
Q9: Southeastern Supplies (SS) is a manufacturer and
Q10: Southeastern Supplies (SS) is a manufacturer and
Q11: The UCC provides the buyer with an