Social Studies, 21.08.2020 21:01, zhellyyyyy

Flint Hills Resources, LP, a crude oil refiner, agreed to buy "approximately one thousand barrels per day" of natural gas condensate from JAG Energy, Inc., an oil broker. Four months into the contract, Pemex, the only authorized seller of freshly extracted condensate, warned Flint Hills that some companies might be selling stolen condensate and provided Flint with proof that they have the exclusive contract for selling condensate. Fearing potential criminal liability, Flint Hills refused to accept more deliveries from JAG without proof of the title to its product. JAG promised to forward documents showing its chain of title. After six weeks, when JAG did not produce the documents, Flint Hills canceled their agreement. JAG filed a suit in a federal district court against Flint Hills, alleging breach of contract. 1. What is the name of the law that applies to the duties and obligations of parties to a sale of goods contract?

a. Uniform Transactions Code
b. Uniform Sales Code
c. Uniform Commercial Code
d. Uniform Goods Code

2. Who is the seller?

a. Flint Hills Resources
b. JAG Energy

3. Who is the buyer?

a. Flint Hills Resources
b. JAG Energy

4. The seller's obligation is to tender

a. perfect good
b. conforming goods
c. reasonably perfect goods
d. adequately conforming goods

Answers: 3

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Flint Hills Resources, LP, a crude oil refiner, agreed to buy "approximately one thousand barrels pe...