Under the UCC, which of the following is true if goods are identified at the time the parties entered into a contract and these goods are partially destroyed through no fault of the parties before risk passes to the buyer or lessee?
A) The contract is void.
B) The buyer may inspect the goods and decide whether to (1) treat the contract as void or (2) ask the seller for a reduction of the contract price and then accept the damaged goods.
C) The seller may inspect the goods and decide whether to (1) treat the contract as void or (2) offer the buyer a reduction of the contract price for the damaged goods.
D) Unless the parties can agree on a price, the matter must be submitted to arbitration for a determination as to an appropriate price.
E) Unless the parties can agree on a price, the contract is voidable at the option of the seller.

Question

Quizplus · Accepted Answer

Under the UCC, if goods identified to a contract are partially destroyed before risk passes to the buyer, the buyer may inspect the goods and either treat the contract as void or accept the damaged goods with a reduction in the contract price.

Under the UCC, Which of the Following Is True If