Exam 21: Introduction to Sales and Leases

Which of the following is true about the CISG?

To accommodate electronic commerce, which of the following was enacted or promulgated?

Discuss the similarities or possible differences between the parol evidence rule under the common law of contracts and the parol evidence rule found in Article 2.

Where there is no course of performance, usage of trade, or course of dealing, and where a contract is silent as to the place of delivery, the place for delivery is:

The Code addresses the battle of the forms problem by focusing on the intent of the parties.

The CISG supersedes the UCC in any situation to which either could apply.

The Code defines as "honesty in fact in the conduct or transaction concerned."

List four areas of contract law where the common law of contracts and the law of sales differ.Give both the common law rule and the rule under Article 2.

Leslie, the owner of a shoe store, purchased 500 Model XT-50 running shoes from her supplier, but price was not stated in the contract.The contract is voidable at Leslie's option until the parties agree on a price.

In determining whether a contract containing both a sale of goods and a service is a UCC or general contract, the majority of states follow the:

For $100 each, Helen agrees with Troy Tech to knit 14 sweaters for the soccer team in their school colors with their names on the front and "Go Tech" on the back.After Helen has almost finished the last sweater, Troy Tech decides it should spend the money on repairs to the locker room instead of on the sweaters.Does Helen's contract have to be in writing for her to enforce it?

Which of the following is true regarding unconscionability under the Code?

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?

Article 2A of the UCC, approved by drafters of the Code in 1987 and amended in 1990, deals with leases of personal property, which exceed $100 billion annually.

The Uniform Electronic Transactions Act, in effect in all of the states, covers contracts not governed by Articles 2 and 2A.

The UCC treats merchants more leniently than others in transactions involving goods.

A(n) is a type of transaction generally involving three parties instead of two.

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.

The CISG does not apply to sales of goods for personal, family, or household use.

Sales contracts containing unconscionable clauses are void and unenforceable.