A) Choice-of-law and forum-selection clauses,but not choice-of-language clauses.
B) Choice-of-language and choice-of-law clauses,but not forum-selection clauses.
C) Choice-of-language,forum-selection and choice-of-law clauses would be more harmful than helpful in a sales contract in the global economy.
D) Choice-of-language,forum-selection and choice-of-law clauses.
E) Choice-of-language and forum-selection clauses,but not choice-of-law clauses.
Correct Answer
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Multiple Choice
A) A book that has been copyrighted and sold to a bookstore.
B) Trees cut from a parcel of land to be turned into paper.
C) The copyright of a best-selling novel.
D) Light bulbs to be placed in a skyscraper.
E) A box of hammers,with a value of $499.
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) A rental
B) A consignment
C) A transfer
D) A lease
E) A sale of goods
Correct Answer
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Multiple Choice
A) Statute of frauds
B) Final evidence regulation
C) Parol evidence rule
D) Anti-oral evidence rule
E) End evidence rule
Correct Answer
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Multiple Choice
A) 1) Express terms,2) Course of dealing,3) Course of performance,and 4) Usage of trade
B) 1) Course of performance,2) Course of dealing,3) Express terms,and 4) Usage of trade
C) 1) Express terms,2) Usage of trade,3) Course of dealing,and 4) Course of performance
D) 1) Express terms,2) Course of performance,3) Course of dealing,and 4) Usage of trade
E) 1) Usage of trade,2) Course of performance,3) Course of dealing,and 4) Express terms
Correct Answer
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Multiple Choice
A) Corporate stocks,real estate,and copyrights meet the definition of a good under the UCC,but trade fixtures do not.
B) Real estate,trade fixtures,and corporate stocks meet the definition of a good under the UCC,but copyrights do not.
C) Trade fixtures meet the definition of a good under the UCC,but real estate,corporate stocks,and copyrights do not.
D) Copyrights meet the definition of a good under the UCC,but real estate,corporate stocks,and trade fixtures do not.
E) Real estate,corporate stocks,copyrights,and trade fixtures all meet the definition of a good under the UCC.
Correct Answer
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Multiple Choice
A) That the transaction would not be treated as a contract for the sale of goods because it was a mixed type of transaction.
B) That the transaction would be treated as a contract for the sale of goods because it was a mixed type of transaction.
C) That the transaction would not be treated as a contract for the sale of goods because of the involvement of medical treatment issues.
D) That the transaction would not be treated as a contract for the sale of goods because the predominant purpose of the settlement agreement was to settle a patent infringement lawsuit.
E) That the transaction would be treated as a contract for the sale of goods because the essential nature of the agreement was the exchange of slippers for the release of a legal right.
Correct Answer
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Multiple Choice
A) The United Nations Convention on Contracts for the International Sale of Goods
B) The International Convention of Contracts for International Sales
C) The Worldwide Federation Convention on the Sale of Goods
D) The Federation Convention on the Uniform Commercial Code
E) The International Agreement on the Sale of Goods
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) Consumer and finance but not terminal
B) Finance but not consumer or terminal
C) Terminal but not finance or consumer
D) Terminal and finance but not consumer
E) Consumer but not finance or terminal
Correct Answer
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Multiple Choice
A) A lease
B) A transaction
C) A transfer of use
D) A negotiated transfer
E) A sale
Correct Answer
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Multiple Choice
A) Voidable
B) Unreasonable
C) Ancillary
D) Unconscionable
E) Viable
Correct Answer
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Multiple Choice
A) When dispatched only if the U.S.mail is used,otherwise on receipt.
B) When dispatched.
C) When received only if acceptance by electronic means is made,otherwise on dispatch.
D) When received.
E) When dispatched only when the telephone is used,otherwise on receipt.
Correct Answer
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Multiple Choice
A) 1935
B) 1943
C) 1980
D) 1964
E) 1952
Correct Answer
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Multiple Choice
A) The court either can refuse to enforce the contract or lease or can enforce the parts of the contract or lease that are fair.
B) The court has no power to enforce the lease and must award the innocent party punitive damages.
C) The court can only refuse to enforce the contract or lease in total.
D) The contract is void.
E) The court can only refuse to enforce the parts of the contract or lease that are unfair.
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) The modification is enforceable because the UCC requires only that modifications be made in good faith.
B) The modification is enforceable because although the UCC requires consideration for modifications,the desire to maintain good will satisfies the requirement of consideration.
C) The modification is not enforceable unless it can be shown that the dresses were designed to have a belt.
D) The modification is not enforceable because no additional consideration was given.
E) The modification is not enforceable because the initial contract involving the sale of the dresses is not enforceable.
Correct Answer
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Multiple Choice
A) The agreement is likely binding because under the UCC,if two merchants have an oral agreement,a written memo from either party to the other is deemed to satisfy the statute of frauds,even if it is not acknowledged by the receiving party.If it is not objected to within 10 days of receipt,the oral agreement,memorialized by the memo,is binding.
B) The agreement is not binding because Lara did not send Kim a registered letter memorializing the oral conversation as is required by the UCC.
C) The agreement is binding because the UCC has no requirement of a writing under any circumstances.
D) The agreement is likely binding because under the UCC,if two merchants have an oral agreement,there is no requirement of a writing so long as another witness is willing to confirm that within 10 days of the agreement,one of the parties memorialized the agreement by a memorandum to the file,even if it was not sent to the other party.
E) The agreement is not binding because Kim never signed anything by which she agreed to the terms of the oral agreement.
Correct Answer
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Multiple Choice
A) When acceptance is made expressly conditional on assent to the mirror image rule.
B) When acceptance is made expressly conditional on assent to the parol evidence rule.
C) Adding terms to a sales contract always cancels acceptance of a contract.
D) When acceptance is made expressly conditional on assent to the additional terms.
E) Additional terms never cancel the acceptance of a sales contract.
Correct Answer
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