If a buyer becomes concerned that the seller may not be able to perform required contract obligations, the buyer:
A) can legally cancel the contract without telling the seller.
B) can demand assurance from the seller that the contract will be performed.
C) will be excused from fair trade under the test of commercial impracticability.
D) will be excused from performance under the test of impossibility.

Question

Quizplus · Accepted Answer

The buyer or seller may become concerned that the other party may not be able to perform required contract obligations. If there is a reasonable basis for that concern, the buyer or seller can demand assurance from the other party that the contract will be performed. If such assurances are not given within 30 days, then the party is considered to have repudiated the contract.

If a Buyer Becomes Concerned That the Seller May Not