Exam 21: Introduction to Sales and Leases

Richard owns and operates a small business at an outdoor market where he sells fruits and vegetables. What does the UCC specifically require of Richard with respect to his customers?

Edie telephoned the office supply store and agreed to buy a dozen boxes of CDs at $23 each. She then realized what a good buy this was and called the store with a request to modify the contract to read two dozen boxes. What is the consequence?

A prompt promise to ship or prompt shipment of goods is a valid acceptance of an offer to buy goods for prompt or current shipment.

Andrew has a contract to buy 100 tables from Bartholomew at a price of $50 a table. Five days before Bartholomew is to deliver the tables, he tells Andrew that he is sorry, but $50 won't cover his costs; he will need at least $75 a table. Andrew agrees, because he needs the tables for his special sale. The modified contract is enforceable without new consideration, so long as Bartholomew is acting in good faith.

Which of the following is correct with respect to Article 2A of the UCC?

The Code provides that its remedies shall be liberally administered to place the aggrieved party in a position as good as the one she would have occupied had the defaulting party fully performed.