The debtor's promise to the creditor was terminated or canceled when the specific object was lost without their fault. Nonetheless, the debtor is required to pay the whole cost of the item, including any damages, if the particular item was lost as a result of his carelessness.

Assuming a buyer repudiates the sales contract, or refuses to accept goods that conform to the contract, the seller ________.Multiple choice question.must not give buyers credit for any expenses that seller has saved during the sales.is entitled to recover for emotional damages that must be paid during the delivery.cannot recover any incidental damages while goods are being delivered to the buyer.may recover damages, that is, the difference between the contract price and the market price at the time of delivery.

The loss of a determinate thing through a fortuitous event will not extinguish an obligation, except:1 pointWhen the debt proceeds from a criminal offense and the creditor is in mora accipiendi.When the law provides that there shall be liability even in case of loss through a fortuitous event.When the debtor has incurred in delay.When the nature of the obligation requires the assumption of risks.

If the seller resells, he may also recover Blank______ damages, but the seller must give the buyer Blank______ for any expenses that the seller saved because of the buyer’s breach of contract.Multiple choice question.consequential; discountintentional; creditincidental; creditconplementary; discount

The liability arising from the purchase of goods or services on credit is called:CreditorsAccounts payableLoanAccounts receivable

What is a creditor legally required to do if you dispute a debt?A.The creditor can ignore the dispute.B.The creditor may choose to ignore the dispute.C.The creditor must cancel the dispute.D.The creditor must investigate the dispute.SUBMITarrow_backPREVIOUS