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Which of the Following Statements Is True Concerning Cancellation of a Contract

Question 3

Multiple Choice

Which of the following statements is true concerning cancellation of a contract?


A) Cancelling a contract is a seller's only remedy if a buyer or lessee is in breach.
B) No notice is required to cancel a contract.
C) Canceling a contract is a remedy of last resort from the UCC"s perspective.
D) Cancelling a contract is never permitted under the UCC.
E) If a seller cancels a contract,he may not pursue any other remedies available under the UCC.

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