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Author Question: A promise by an insurer that it will pay to complete the project in the event of the developer's ... (Read 14 times)

newyorker26

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on: Aug 3, 2018
A promise by an insurer that it will pay to complete the project in the event of the developer's default, is a(n):
 
  a. Completion bond
  b. Performance bond
  c. Surety bond
  d. Both a. and b. are correct

Question 2

Pursuant to UCC  2-510(1), if Seller tenders nonconforming goods, the risk of loss remains on Seller until either Seller cures the defect or Buyer accepts the nonconforming goods.
 
  Indicate whether the statement is true or false


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chloejackso

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Reply #1 on: Aug 3, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


newyorker26

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Reply #2 on: Aug 3, 2018
Thank you!


chloejackso

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Reply #3 on: Aug 3, 2018
Always glad to help...


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