CPA Regulation Reg · Question of the Day

CPA Regulation Reg Question of the Day

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Friday, October 23, 2026

Under UCC Section 2-709, the seller's action for the price (analogous to specific performance from the seller's perspective) is available in which of the following situations?

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Question of the Day

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Under UCC Section 2-709, the seller's action for the price (analogous to specific performance from the seller's perspective) is available in which of the following situations?

  1. When the buyer has accepted the goods, when the goods were conforming and risk of loss has passed to the buyer and the goods were lost or damaged before the seller can cover, or when the goods cannot reasonably be resold. (correct answer)
  2. Whenever the buyer fails to pay the invoice within 30 days.
  3. Only when the buyer accepts the goods in writing.
  4. When the seller decides that resale would be too inconvenient.

Explanation: Under UCC Section 2-709, the seller may sue for the full contract price (not just damages) in three situations: (1) the buyer has accepted the goods; (2) conforming goods were lost or damaged after risk of loss passed to the buyer; or (3) the seller has identified conforming goods to the contract and is unable to resell them at a reasonable price after reasonable effort. This remedy is analogous to specific performance for the seller. Answer B (30-day invoice rule) is not in the UCC. Answer C incorrectly requires written acceptance. Answer D gives the seller impermissible discretion to choose this remedy.