Question:
Jenkins agreed to purchase goods from Smith, F.O.B. Smith's plant. The goods in Smith's plant are separated and stenciled with Jenkins' name. Jenkins then telephones Smith and repudiates. The goods are subsequently destroyed by fire. Assume that Smith had no insurance on the goods. If Smith sues Jenkins for the purchase price, what result? Use UCC provisions to support your answer/analysis. Cite the specific sections of the UCC that support your argument.