Exam 16: The Sales Contract: Transfer of Title and Risk of Loss

Title and risk of loss must pass from seller to buyer according to the provisions of the UCC.

A majority of states have repealed Article 6 of the UU dealing with ____________________ sales.

In a sale of goods, if the seller breaches the contract by delivering nonconforming goods, risk of loss remains with the seller until the seller ____________________ the defect.

Distinguish between a "sale on approval" and a" sale or return."

If a person who holds goods under a voidable title because he or she purchased them through fraud transfers the goods for value and in good faith to a third party, the type of title transferred is

The UCC shifted the emphasis from title to risk of loss because it was often difficult to tell exactly when the title was passed from the seller to the buyer.

When goods are in existence and identifiable, title passes from the seller to the buyer

When one party breaches a sales contract, the UCC places the risk of loss on the party ____________________ for the breach.

Under Article 2 of the UCC, a purchaser obtains only such ____________________ to goods as the seller had.