Question 1

Match the following:
-warranty of merchantability

Accepted Answer

A) A sequence of previous conduct between parties establishing a common basis for interpreting their agreement. 
B) A practice or method of dealing regularly observed and followed in a place, vocation, or trade. 
C) The transfer of a major part of one's inventory not in the ordinary course of business. 
D) A contract in which the risk of loss remains with the seller until the buyer accepts the goods. 
E) Requires the seller to unload the goods from the carrier at the named destination.
F)Tangible, movable personal property.
G)Unfairness of the bargaining process.
H)A signed writing by a merchant that gives assurance an offer for the purchase or sale of goods will be kept open for a maximum of three months.
I)A contract in which the risk of loss is on the buyer until she returns the goods.
J)Delivery term for a shipment contract; free on board.
K)The obligation of the seller to convey the right to ownership without a lien.
L)Relationship pertaining to remote sellers in the chain of distribution.
M)A term used to indicate that the price includes the cost of transportation and delivery of the goods alongside the carrier.
N)A contractual relationship between the plaintiff and the defendant that was necessary at common law to maintain a breach of warranty lawsuit.
O)An affirmation of fact or promise about the goods or a description, including a sample of the goods, which becomes part of the basis of the bargain.
P)Provides the goods are reasonably fit for the ordinary purposes for which they are used.
Q)Limitation on the time period for which a manufacturer is liable for injury caused by its defective product.
R)A contract in which the seller agrees to pay costs of freight, insurance, and transportation to the destination.
S)A person who is a dealer in the goods, or who by his occupation holds himself out as having knowledge or
skill peculiar to the goods or practices involved, or who employs an agent or broker whom he holds out as
having such knowledge or skill.
T)Oppressuve or grossly unfair contractual provisions. 
A) A sequence of previous conduct between parties establishing a common basis for interpreting their agreement. 
B) A practice or method of dealing regularly observed and followed in a place, vocation, or trade. 
C) The transfer of a major part of one's inventory not in the ordinary course of business. 
D) A contract in which the risk of loss remains with the seller until the buyer accepts the goods. 
E) Requires the seller to unload the goods from the carrier at the named destination.
F)Tangible, movable personal property.
G)Unfairness of the bargaining process.
H)A signed writing by a merchant that gives assurance an offer for the purchase or sale of goods will be kept open for a maximum of three months.
I)A contract in which the risk of loss is on the buyer until she returns the goods.
J)Delivery term for a shipment contract; free on board.
K)The obligation of the seller to convey the right to ownership without a lien.
L)Relationship pertaining to remote sellers in the chain of distribution.
M)A term used to indicate that the price includes the cost of transportation and delivery of the goods alongside the carrier.
N)A contractual relationship between the plaintiff and the defendant that was necessary at common law to maintain a breach of warranty lawsuit.
O)An affirmation of fact or promise about the goods or a description, including a sample of the goods, which becomes part of the basis of the bargain.
P)Provides the goods are reasonably fit for the ordinary purposes for which they are used.
Q)Limitation on the time period for which a manufacturer is liable for injury caused by its defective product.
R)A contract in which the seller agrees to pay costs of freight, insurance, and transportation to the destination.
S)A person who is a dealer in the goods, or who by his occupation holds himself out as having knowledge or
skill peculiar to the goods or practices involved, or who employs an agent or broker whom he holds out as
having such knowledge or skill.
T)Oppressuve or grossly unfair contractual provisions.

Question 2

Match the following:
-perfect tender rule

Accepted Answer

A) Designation of specific goods as those to which the contract of sale refers. 
B) An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff. 
C) Amount specified in a contract that either party may recover in the event of a breach by the other. 
D) A seller makes available to buyer goods conforming to the contract and so notifies the buyer. 
E) The inability of a person to pay his debts in the ordinary course of business or as they become due.
F)Total liabilities exceeding the total value of all assets.
G)Commercially reasonable charges, expenses, or commissions directly resulting from a breach.
H)Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting; also payment for injury to person or property resulting from breach of warranty.
I)A buyer's purchase of goods in substitution for those not delivered by a breaching seller.
J)Carrying out one's contractual obligations according to the terms of the contract.
K)The Code rule that a seller's performance must exactly conform to the contract.
L)The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.
M)Buyer's manifestation of an unwillingness to become the owner of the goods.
N)Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value. 
A) Designation of specific goods as those to which the contract of sale refers. 
B) An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff. 
C) Amount specified in a contract that either party may recover in the event of a breach by the other. 
D) A seller makes available to buyer goods conforming to the contract and so notifies the buyer. 
E) The inability of a person to pay his debts in the ordinary course of business or as they become due.
F)Total liabilities exceeding the total value of all assets.
G)Commercially reasonable charges, expenses, or commissions directly resulting from a breach.
H)Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting; also payment for injury to person or property resulting from breach of warranty.
I)A buyer's purchase of goods in substitution for those not delivered by a breaching seller.
J)Carrying out one's contractual obligations according to the terms of the contract.
K)The Code rule that a seller's performance must exactly conform to the contract.
L)The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.
M)Buyer's manifestation of an unwillingness to become the owner of the goods.
N)Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value.

Question 3

Match the following:
-warranty of title

Accepted Answer

A) A sequence of previous conduct between parties establishing a common basis for interpreting their agreement. 
B) A practice or method of dealing regularly observed and followed in a place, vocation, or trade. 
C) The transfer of a major part of one's inventory not in the ordinary course of business. 
D) A contract in which the risk of loss remains with the seller until the buyer accepts the goods. 
E) Requires the seller to unload the goods from the carrier at the named destination.
F)Tangible, movable personal property.
G)Unfairness of the bargaining process.
H)A signed writing by a merchant that gives assurance an offer for the purchase or sale of goods will be kept open for a maximum of three months.
I)A contract in which the risk of loss is on the buyer until she returns the goods.
J)Delivery term for a shipment contract; free on board.
K)The obligation of the seller to convey the right to ownership without a lien.
L)Relationship pertaining to remote sellers in the chain of distribution.
M)A term used to indicate that the price includes the cost of transportation and delivery of the goods alongside the carrier.
N)A contractual relationship between the plaintiff and the defendant that was necessary at common law to maintain a breach of warranty lawsuit.
O)An affirmation of fact or promise about the goods or a description, including a sample of the goods, which becomes part of the basis of the bargain.
P)Provides the goods are reasonably fit for the ordinary purposes for which they are used.
Q)Limitation on the time period for which a manufacturer is liable for injury caused by its defective product.
R)A contract in which the seller agrees to pay costs of freight, insurance, and transportation to the destination.
S)A person who is a dealer in the goods, or who by his occupation holds himself out as having knowledge or
skill peculiar to the goods or practices involved, or who employs an agent or broker whom he holds out as
having such knowledge or skill.
T)Oppressuve or grossly unfair contractual provisions. 
A) A sequence of previous conduct between parties establishing a common basis for interpreting their agreement. 
B) A practice or method of dealing regularly observed and followed in a place, vocation, or trade. 
C) The transfer of a major part of one's inventory not in the ordinary course of business. 
D) A contract in which the risk of loss remains with the seller until the buyer accepts the goods. 
E) Requires the seller to unload the goods from the carrier at the named destination.
F)Tangible, movable personal property.
G)Unfairness of the bargaining process.
H)A signed writing by a merchant that gives assurance an offer for the purchase or sale of goods will be kept open for a maximum of three months.
I)A contract in which the risk of loss is on the buyer until she returns the goods.
J)Delivery term for a shipment contract; free on board.
K)The obligation of the seller to convey the right to ownership without a lien.
L)Relationship pertaining to remote sellers in the chain of distribution.
M)A term used to indicate that the price includes the cost of transportation and delivery of the goods alongside the carrier.
N)A contractual relationship between the plaintiff and the defendant that was necessary at common law to maintain a breach of warranty lawsuit.
O)An affirmation of fact or promise about the goods or a description, including a sample of the goods, which becomes part of the basis of the bargain.
P)Provides the goods are reasonably fit for the ordinary purposes for which they are used.
Q)Limitation on the time period for which a manufacturer is liable for injury caused by its defective product.
R)A contract in which the seller agrees to pay costs of freight, insurance, and transportation to the destination.
S)A person who is a dealer in the goods, or who by his occupation holds himself out as having knowledge or
skill peculiar to the goods or practices involved, or who employs an agent or broker whom he holds out as
having such knowledge or skill.
T)Oppressuve or grossly unfair contractual provisions.

Question 4

Match the following:
-incidental damages

Accepted Answer

A) Designation of specific goods as those to which the contract of sale refers. 
B) An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff. 
C) Amount specified in a contract that either party may recover in the event of a breach by the other. 
D) A seller makes available to buyer goods conforming to the contract and so notifies the buyer. 
E) The inability of a person to pay his debts in the ordinary course of business or as they become due.
F)Total liabilities exceeding the total value of all assets.
G)Commercially reasonable charges, expenses, or commissions directly resulting from a breach.
H)Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting; also payment for injury to person or property resulting from breach of warranty.
I)A buyer's purchase of goods in substitution for those not delivered by a breaching seller.
J)Carrying out one's contractual obligations according to the terms of the contract.
K)The Code rule that a seller's performance must exactly conform to the contract.
L)The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.
M)Buyer's manifestation of an unwillingness to become the owner of the goods.
N)Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value. 
A) Designation of specific goods as those to which the contract of sale refers. 
B) An action at law to recover specific goods in the possession of a defendant that are being unlawfully withheld from the plaintiff. 
C) Amount specified in a contract that either party may recover in the event of a breach by the other. 
D) A seller makes available to buyer goods conforming to the contract and so notifies the buyer. 
E) The inability of a person to pay his debts in the ordinary course of business or as they become due.
F)Total liabilities exceeding the total value of all assets.
G)Commercially reasonable charges, expenses, or commissions directly resulting from a breach.
H)Expenses resulting from the buyer's requirements and which the seller had reason to expect at the time of contracting; also payment for injury to person or property resulting from breach of warranty.
I)A buyer's purchase of goods in substitution for those not delivered by a breaching seller.
J)Carrying out one's contractual obligations according to the terms of the contract.
K)The Code rule that a seller's performance must exactly conform to the contract.
L)The right of a seller under the Code to correct a nonconforming tender of goods to the buyer.
M)Buyer's manifestation of an unwillingness to become the owner of the goods.
N)Rescission of a buyer's acceptance of the goods based on a nonconformity which substantially impairs their value.

Exam 54: Sales

Match the following: -warranty of merchantability

Match the following: -perfect tender rule

Match the following: -warranty of title

Match the following: -incidental damages

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

Agency

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Property

Filters