Revocation of Acceptance of Goods
Interactive Video
•
Business, Social Studies
•
University
•
Practice Problem
•
Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the general presumption about the acceptance of goods under the UCC?
Acceptance is always temporary.
Acceptance is presumed final unless exceptions apply.
Acceptance can be revoked at any time.
Acceptance is only valid if goods are non-conforming.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under what condition can a buyer revoke acceptance of non-conforming goods?
If the goods are used by the buyer.
If the buyer changes their mind.
If the seller fails to cure the non-conformity within a reasonable time.
If the seller agrees to a refund.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must a buyer do to maintain the ability to revoke acceptance of goods?
Alter the goods significantly.
Sell the goods to another party.
Use the goods as intended.
Treat the goods in a way that allows for revocation.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is required for a revocation of acceptance to be valid?
The seller must agree to the revocation.
The buyer must return the goods immediately.
The buyer must pay a penalty fee.
The buyer must notify the seller within a reasonable time.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is revocation of acceptance not allowed?
When the seller has failed to deliver on time.
When the goods are non-conforming.
When the buyer has altered the goods' usability.
When the buyer has not inspected the goods.
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