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 standard of good faith that would be applied in regard to Penny?

A. In this situation, good faith means honesty in fact.

B. In this situation, good faith means honesty in fact and also reasonable commercial standards of fair dealing.

C. In this situation, good faith means perfect tender.

D. In this situation, good faith means a lack of commercial impracticability.

E. In this situation, good faith means both perfect tender and a lack of commercial impracticability.

Answer

This answer is hidden. It contains 60 characters.