Question 1

Under the UCC statute of frauds,which of the following terms must be in a writing order to satisfy the statute?

Accepted Answer

A)  The price
B)  The quantity
C)  The identity of the parties
D)  The time and place for deliveryE) All of the above
F) B) and D)

Question 2

Which of the following is not a type of warranty under the UCC?

Accepted Answer

A)  Express
B)  Fitness for a particular purpose
C)  Merchantability
D)  Specific performanceE) C) and D)
F) A) and C)

Question 3

UCC Section 2-319 expressly authorizes the buyer and seller to allocate the risk of ________ between them as they see fit.

Accepted Answer

A)  damages
B)  specific performance
C)  modification
D)  lossE) C) and D)
F) None of the above

Question 4

Discuss how the UCC addresses the terms offer,acceptance,and consideration.Address in your answer the effect of "firm offers" as well as modifications to a contract under the UCC.

Accepted Answer

The term "offer" is not defined by the U...

Question 5

Renee owns a small restaurant that sells hamburgers as one of its main attractions.She puts up a sign that says "Best Burgers in the County".Peter does an exhaustive investigation of all restaurants in the county and asks his friends to do the same.They all determine that actually a restaurant run by their friend Sam has the best burgers.Peter tells Renee that unless she take down her sign,he is going to sue her for breach of warranty and false advertising.Renee tells him that he had no cause of action.Who is correct?

Accepted Answer

A)  Peter is correct so long as he and his friends can convince the jurors in a lawsuit that Sam has the best burgers.
B)  Peter is correct only if he can establish that Renee was aware that Sam's burgers actually taste better before she put up the sign.
C)  Peter is incorrect because Renee was engaged in "spoofing".
D)  Peter is incorrect because Renee was engaged in "puffing".E) A) and D)
F) None of the above

Question 6

Which of the following is not true under Magnuson-Moss Warranty Act?

Accepted Answer

A)  The Act requires a supplier of consumer products to give a written warranty.
B)  The Act applies only when a seller chooses to give a written warranty.
C)  The seller must state whether the warranty is a full or a limited warranty.
D)  The Act is federal law.E) A) and B)
F) All of the above

Question 7

Under the UCC,if only one party is a merchant,an acceptance containing additional terms

Accepted Answer

A)  automatically becomes part of the contract unless the offeror objects within ten days.
B)  is considered a proposal for additions to the contract.
C)  is a counteroffer.
D)  has no effect and the contract is accepted without the new terms.E) A) and B)
F) None of the above

Question 8

Which of the following is false regarding The Convention on Contracts for the International Sale of Goods?

Accepted Answer

A)  The Convention does not apply to sales by auction.
B)  The Convention applies to oral as well as written contracts of sale.
C)  The Convention has a statute of frauds that applies to all countries that have ratified the Convention.
D)  Legal scholars are split on whether the Convention applies to e-commerce transactions.E) B) and C)
F) C) and D)

Question 9

Under the UCC version of commercial impracticability,a failure to perform is a breach even if performance is made impractical by an event unforeseen by the contract.

Accepted Answer

A) True 
 B)False

Question 10

Under the UCC,the buyer may reject any or all of the goods if the goods fail to conform to the contract.

Accepted Answer

A) True 
 B)False

Question 11

Explain the different types of warranties that exist under the UCC.

Accepted Answer

Express warranties,warranties of merchan...

Question 12

The UCC has adopted the "mirror image" rule.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following will not create an express warranty under the UCC?

Accepted Answer

A)  Making a statement or promise relating to the goods.
B)  Expressing an opinion about the quality of the goods.
C)  Providing a description of the goods.
D)  Stating any fact regarding the quality of the goods.E) None of the above
F) A) and D)

Question 14

An express warranty is an explicit guarantee by the seller that the goods will never be defective.

Accepted Answer

A) True 
 B)False

Question 15

Procedural unconscionability is easier to prove in a commercial setting than when an individual consumer is involved.

Accepted Answer

A) True 
 B)False

Question 16

What are items of personal property that are attached to real property an cannot be removed without substantial damage called?

Accepted Answer

A)  Connectors
B)  Relaters
C)  Entanglements
D)  FixturesE) A) and D)
F) B) and C)

Question 17

A contract is ________ if its terms are unduly harsh or oppressive or unreasonably favorable to one side.

Accepted Answer

A)  substantively unconscionable
B)  procedurally unconscionable
C)  procedurally impracticable
D)  substantively impracticableE) A) and D)
F) A) and C)

Question 18

Most international sales of goods are governed by the Convention on Contracts for the International Sale of Goods.

Accepted Answer

A) True 
 B)False

Question 19

A contract for the sale of land is governed by Article 2 of the UCC.

Accepted Answer

A) True 
 B)False

Exam 8: sales, licensing, and e-commerce

What are items of personal property that are attached to real property an cannot be removed without substantial damage called?

Correct Answer
verified

An express warranty is an explicit guarantee by the seller that the goods will never be defective.

Correct Answer
verified

Which of the following is not a type of warranty under the UCC?

Correct Answer
verified

Correct Answer
verified

Procedural unconscionability is easier to prove in a commercial setting than when an individual consumer is involved.

Correct Answer
verified

Under the UCC,if only one party is a merchant,an acceptance containing additional terms

Correct Answer
verified

A contract is ________ if its terms are unduly harsh or oppressive or unreasonably favorable to one side.

Correct Answer
verified

Under the UCC version of commercial impracticability,a failure to perform is a breach even if performance is made impractical by an event unforeseen by the contract.

Correct Answer
verified

Which of the following is false regarding The Convention on Contracts for the International Sale of Goods?

Correct Answer
verified

Most international sales of goods are governed by the Convention on Contracts for the International Sale of Goods.

Correct Answer
verified

Discuss how the UCC addresses the terms offer,acceptance,and consideration.Address in your answer the effect of "firm offers" as well as modifications to a contract under the UCC.

Correct Answer
verified
The term "offer" is not defined by the U...
View Answer

A contract for the sale of land is governed by Article 2 of the UCC.

Correct Answer
verified

Under the UCC statute of frauds,which of the following terms must be in a writing order to satisfy the statute?

Correct Answer
verified

Which of the following is not true under Magnuson-Moss Warranty Act?

Correct Answer
verified

Which of the following will not create an express warranty under the UCC?

Correct Answer
verified

UCC Section 2-319 expressly authorizes the buyer and seller to allocate the risk of ________ between them as they see fit.

Correct Answer
verified

Explain the different types of warranties that exist under the UCC.

Correct Answer
verified
Express warranties,warranties of merchan...
View Answer

The UCC has adopted the "mirror image" rule.

Correct Answer
verified

Under the UCC,the buyer may reject any or all of the goods if the goods fail to conform to the contract.

Correct Answer
verified

Exam 8: sales, licensing, and e-commerce

What are items of personal property that are attached to real property an cannot be removed without substantial damage called?

Correct AnswerverifiedShow Answer

An express warranty is an explicit guarantee by the seller that the goods will never be defective.

Correct AnswerverifiedShow Answer

Which of the following is not a type of warranty under the UCC?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Procedural unconscionability is easier to prove in a commercial setting than when an individual consumer is involved.

Correct AnswerverifiedShow Answer

Under the UCC,if only one party is a merchant,an acceptance containing additional terms

Correct AnswerverifiedShow Answer

A contract is ________ if its terms are unduly harsh or oppressive or unreasonably favorable to one side.

Correct AnswerverifiedShow Answer

Under the UCC version of commercial impracticability,a failure to perform is a breach even if performance is made impractical by an event unforeseen by the contract.

Correct AnswerverifiedShow Answer

Which of the following is false regarding The Convention on Contracts for the International Sale of Goods?

Correct AnswerverifiedShow Answer

Most international sales of goods are governed by the Convention on Contracts for the International Sale of Goods.

Correct AnswerverifiedShow Answer

Discuss how the UCC addresses the terms offer,acceptance,and consideration.Address in your answer the effect of "firm offers" as well as modifications to a contract under the UCC.

Correct AnswerverifiedThe term "offer" is not defined by the U...View AnswerShow Answer

A contract for the sale of land is governed by Article 2 of the UCC.

Correct AnswerverifiedShow Answer

Under the UCC statute of frauds,which of the following terms must be in a writing order to satisfy the statute?

Correct AnswerverifiedShow Answer

Which of the following is not true under Magnuson-Moss Warranty Act?

Correct AnswerverifiedShow Answer

Which of the following will not create an express warranty under the UCC?

Correct AnswerverifiedShow Answer

UCC Section 2-319 expressly authorizes the buyer and seller to allocate the risk of ________ between them as they see fit.

Correct AnswerverifiedShow Answer

Explain the different types of warranties that exist under the UCC.

Correct AnswerverifiedExpress warranties,warranties of merchan...View AnswerShow Answer

The UCC has adopted the "mirror image" rule.

Correct AnswerverifiedShow Answer

Under the UCC,the buyer may reject any or all of the goods if the goods fail to conform to the contract.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The term "offer" is not defined by the U...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Express warranties,warranties of merchan...
View Answer

Correct Answer
verified

Correct Answer
verified