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X is obligated to procure and deliver 500 cases of "Puko" Beer to Y on April 2. X brought the cases to Y's place of business. Y rejected the goods. Three hours later, Y changes his mind and asks X to redeliver the goods. The most likely result would be: A) X must redeliver because the rejection was in good faith. B X does not have to redeliver because the first tender of performance served to discharge the obligation. X must redeliver because a merchant is under an obligation to ensure acceptance. X does not have to redeliver because of impossibility of performance.

X is obligated to procure and deliver 500 cases of "Puko" Beer to Y on April 2. X brought the cases to Y's place of business. Y rejected the goods. Three hours later, Y changes his mind and asks X to redeliver the goods. The most likely result would be: A) X must redeliver because the rejection was in good faith. B X does not have to redeliver because the first tender of performance served to discharge the obligation. X must redeliver because a merchant is under an obligation to ensure acceptance. X does not have to redeliver because of impossibility of performance.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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X is obligated to procure and deliver 500 cases of "Puko" Beer to Y on April 2. X brought the cases to Y's place of business. Y rejected the goods. Three hours later, Y changes his mind and asks X to redeliver the goods. The most likely result would be: A X must redeliver because the rejection was in good faith. B X does not have to redeliver because the first tender of performance served to discharge the obligation. C X must redeliver because a merchant is under an obligation to ensure acceptance. X does not have to redeliver because of impossibility of performance.
Transcribed Image Text:X is obligated to procure and deliver 500 cases of "Puko" Beer to Y on April 2. X brought the cases to Y's place of business. Y rejected the goods. Three hours later, Y changes his mind and asks X to redeliver the goods. The most likely result would be: A X must redeliver because the rejection was in good faith. B X does not have to redeliver because the first tender of performance served to discharge the obligation. C X must redeliver because a merchant is under an obligation to ensure acceptance. X does not have to redeliver because of impossibility of performance.
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