If goods are identified at the time the parties entered into a contract and these goods are destroyed through no fault of the parties before risk passes to the buyer or lessee, under the UCC what is the result?
A) The parties are excused from performance.
B) The seller has 7 days in which to cure.
C) The seller has 10 days in which to cure.
D) The seller has 30 days in which to cure.
E) The seller has 45 days in which to cure.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), if the identified goods are destroyed before the risk passes to the buyer or lessee and this occurs without the fault of either party, the contract is voided and both parties are excused from performance. This is because the specific goods that were the subject of the contract are no longer available to fulfill the contract's terms.

If Goods Are Identified at the Time the Parties Entered