Question

New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny financed the purchase through a financing company called Let Us Help You. Twenty-nine days after the goods were delivered to her, Penny had a disagreement with Let Us Help You regarding the amount of interest she would be required to pay. She notified Bob on that day that she was rejecting the goods. Bob claimed that she did not properly reject the furniture and also that she acted in bad faith. Penny says that she properly rejected and denies that she acted in bad faith. She also says that, in any event, she cannot be charged with both wrongful rejection and also bad faith because of double jeopardy. Which of the following is true regarding the claim of Bob that Penny failed to properly reject the goods?

A. Bob is incorrect because under the UCC Penny had 30 days in which to reject the goods.

B. Bob is incorrect only if Penny can establish that Let Us Help You miscalculated the amount of interest she owed.

C. Bob is incorrect only if Penny can show that the goods were overpriced.

D. Bob is correct only if Bob can show that the goods were priced at reasonable market value.

E. Bob is correct.

Answer

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