Multiple Choice
Which of the following is true regarding Penny's claim that the UCC imposes no obligation of good faith conduct?
A) Penny is correct in this instance because while the UCC generally imposes a duty of good faith, that duty is inapplicable during the initial 30 days after a purchase when a buyer has the right to revoke acceptance for a good or a bad reason.
B) Penny is correct in this instance because while the UCC generally imposes a duty of good faith, that duty is inapplicable in relation to third-party financing.
C) Penny is correct only if she can establish that the goods were overpriced resulting in the right to disregard any obligation of Good Wood.
D) Penny is correct only if she can establish that Good Wood Furniture itself failed to act in good faith.
E) Penny is incorrect.
Correct Answer:

Verified
Correct Answer:
Verified
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