Filters
Question type

Study Flashcards

Generally, when an acceptance to a sales contract between merchants includes terms additional to those in the offer, the terms automatically become part of the deal.

A) True
B) False

Correct Answer

verifed

verified

Under the second of two contracts with Citrus Orchard for deliveries of fruit, Distribution Center refuses to pay for fruit that arrives damaged. Citrus responds that the buyer did not waive payment for damaged goods in the parties' first contract. Citrus is arguing that the court should take into account


A) course of dealing.
B) course of performance.
C) usage of trade.
D) none of the choices.

E) B) and C)
F) A) and C)

Correct Answer

verifed

verified

Bean Processor Inc. agrees to ship a certain quantity of coffee beans to Coffee Café LLC. Bean sends to Coffee an e-mail indicating that the parties intended to form a contract. Against Bean, as a contract, the e-mail will be sufficient


A) if it is signed by Bean.
B) if it is signed by Coffee.
C) if Coffee responds with an acknowledgment of the deal.
D) under no circumstances.

E) A) and B)
F) None of the above

Correct Answer

verifed

verified

Grinders Mill agrees to sell to Harvest Company a certain quantity of refined grains. Some of the other terms in the deal are left open. In the case of a dispute, a court will presume


A) whatever favors the non-breaching party.
B) whatever favors the plaintiff.
C) whatever is reasonable.
D) nothing.

E) C) and D)
F) B) and D)

Correct Answer

verifed

verified

If the acceptance to a sales contract between non-merchants includes terms different from those in the offer, no contract is formed under the UCC.

A) True
B) False

Correct Answer

verifed

verified

With respect to a contract for a sale of goods, when its express terms cannot be construed as reasonably consistent with the parties' course of performance and course of dealing, and the usage of trade, the UCC gives priority to


A) express terms.
B) course of performance.
C) course of dealing.
D) usage of trade.

E) All of the above
F) None of the above

Correct Answer

verifed

verified

If a writing indicating a sales contract contains only some of the terms that the parties agreed to, a court may allow evidence of consistent additional terms.

A) True
B) False

Correct Answer

verifed

verified

Skyscape LLC regularly engages in the business of leasing construction equipment, primarily to commercial contractors. Tilde, a consumer, leases a backhoe from Skyscape to landscape the property at her home. The price is less than the amount set by state statute. Under the UCC, the deal with Tilde is


A) a commercial lease.
B) a consumer lease.
C) a construction lease.
D) none of the choices.

E) All of the above
F) B) and D)

Correct Answer

verifed

verified

Because contracting parties presumably know best what they meant by their words, the course of performance under their agreement is the best indication of what they meant.

A) True
B) False

Correct Answer

verifed

verified

If a court determines that a contract involving both goods and services is primarily a goods contract, any dispute over the deal will be decided under the UCC.

A) True
B) False

Correct Answer

verifed

verified

Ric enters into written agreements with Sophie involving a sale of Timberline Motel, including the land, the building, and the furnishings. The UCC Statute of Frauds governs the sale of


A) all of the choices.
B) the building.
C) the furnishings priced at $500 or more.
D) the land.

E) A) and D)
F) C) and D)

Correct Answer

verifed

verified

The UCC promotes commerce by simplifying and streamlining commercial transactions.

A) True
B) False

Correct Answer

verifed

verified

Refined Metals Company and Superior Fabrication Inc. enter into a contract under which Refined agrees to deliver a certain quantity of sheet metal to Superior each month. The contract does not include a price term. In a suit between the parties over the price, a court will


A) determine a reasonable price.
B) impose the lowest market price.
C) impose the highest market price.
D) return the parties to the positions they held before the contract.

E) All of the above
F) A) and D)

Correct Answer

verifed

verified

Jo owns a condominium that she leases to Kia. Jo gives her daughter Liu $450 on her sixteenth birthday. Jo sells her car to her neighbor Maia for $1,500. Article 2 of the UCC covers


A) the lease with Kia.
B) the gift to Liu.
C) the sale to Maia.
D) all of the choices.

E) A) and B)
F) None of the above

Correct Answer

verifed

verified

Under the law that governs the international sale of goods, when an acceptance to a contract includes terms additional to those in the offer, the terms automatically become part of the deal.

A) True
B) False

Correct Answer

verifed

verified

Marine Expeditions Inc. pays Noah's Boats $4,000 to use an oceangoing vessel for a month. For the purposes of the UCC, this is


A) a merchant's firm offer.
B) a contract for services.
C) a lease.
D) a sale.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Under the UCC, the meaning of any agreement must be interpreted in light of commercial practices, so a court will not assume that the usage of trade was taken into account when the agreement was phrased.

A) True
B) False

Correct Answer

verifed

verified

Bon, an agent for City Motors Inc., e-mails Dale on May 1 that the dealer will sell to her a 2018 Ford pick-up truck for $25,000 between May 1 and July 1. Bon's offer to Dale is


A) irrevocable for the stated period.
B) irrevocable until Dale responds.
C) revocable at any time.
D) revocable on the payment of consideration to Dale.

E) C) and D)
F) B) and C)

Correct Answer

verifed

verified

When a sales contract contemplates shipment of the goods but does not specify the arrangements, either party can make those arrangements.

A) True
B) False

Correct Answer

verifed

verified

A contract for a sale of natural gas is a contract for a sale for goods.

A) True
B) False

Correct Answer

verifed

verified

Showing 21 - 40 of 72

Related Exams

Show Answer