Under the UCC, when a party has reasonable grounds to worry about another party's performance, which form of assurance would constitute adequate assurance of performance?

Under the UCC, when a party has reasonable grounds to worry about another party's performance, which form of assurance would constitute adequate assurance of performance?

• A. A mere verbal promise to perform in the future.
• B. A bank letter of credit.
• C. The latest audited financial statements provided by the manufacturer.
• D. A binding arbitration clause.

Answer: (C)