Exam 13: Sales Contracts: Agreement, Consideration, and the Statute of Frauds
Exam 1: Legal Foundations and Thinking Strategically49 Questions
Exam 2: Business, Societal, and Ethical Contexts of Law46 Questions
Exam 3: Business and the Constitution41 Questions
Exam 4: The American Judicial System, Jurisdiction, and Venue24 Questions
Exam 5: Resolving Disputes: Litigation and Alternative Dispute Resolution25 Questions
Exam 6: Contracts: Overview, Definition, Categories, and Source of Law36 Questions
Exam 7: Mutual Assent: Agreement and Consideration49 Questions
Exam 8: Capacity and Legality49 Questions
Exam 9: Enforceability49 Questions
Exam 10: Performance27 Questions
Exam 11: Breach and Remedies28 Questions
Exam 12: Contracts for the Sale of Goods: Overview of Article 241 Questions
Exam 13: Sales Contracts: Agreement, Consideration, and the Statute of Frauds26 Questions
Exam 14: Title, Allocation of Risk, and Insurable Interest37 Questions
Exam 15: Performance and Cure in Sales Contracts43 Questions
Exam 16: Breach and Remedies in a Sales Transaction39 Questions
Exam 17: UCC Article 2A: Lease Contracts45 Questions
Exam 18: Sales Warranties29 Questions
Exam 19: Definition, Creation, and Categories of Negotiable Instruments47 Questions
Exam 20: Negotiation, Endorsements, and Holder in Due Course48 Questions
Exam 21: Liability, Defenses, and Discharge50 Questions
Exam 22: Checks, Deposits, and Financial Institutions49 Questions
Exam 23: Secured Transactions48 Questions
Exam 24: Creditors Rights38 Questions
Exam 25: Alternatives for Insolvent Borrowers47 Questions
Exam 26: Bankruptcy17 Questions
Exam 27: Choice of Business Entity and Sole Proprietorships32 Questions
Exam 28: Partnerships29 Questions
Exam 29: Limited Liability Partnerships and Limited Liability Companies39 Questions
Exam 30: Corporations: Formation and Organization24 Questions
Exam 31: Corporate Transactions: Acquisitions and Mergers49 Questions
Exam 32: Overview of the Securities Market: Definition, Categories, and Regulation62 Questions
Exam 33: Regulation of Issuance: The Securities Act of 193366 Questions
Exam 34: Regulation of Trading: The Securities Exchange Act of 193444 Questions
Exam 35: Regulation of Corporate Governance45 Questions
Exam 36: Regulation of Financial Markets45 Questions
Exam 37: Agency Formation, Categories, and Authority35 Questions
Exam 38: Duties and Liabilities of Principals and Agents30 Questions
Exam 39: Employment at Will49 Questions
Exam 40: Employment Regulation and Labor Law41 Questions
Exam 41: Employment Discrimination39 Questions
Exam 42: Torts and Products Liability29 Questions
Exam 43: Administrative Law15 Questions
Exam 44: Consumer Protection30 Questions
Exam 45: Criminal Law and Procedure36 Questions
Exam 46: Insurance Law50 Questions
Exam 47: Environmental Law28 Questions
Exam 48: Personal Property, Real Property, and Land Use Law15 Questions
Exam 49: Wills, Trusts, and Estates50 Questions
Exam 50: Intellectual Property13 Questions
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When the terms stated on an invoice conflict with the terms stated on the purchase order in the same transaction it is called
(Multiple Choice)
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Alexander and Wynn enter into a contract wherein Alexander agrees to sell Wynn 600 widgets but fails to state the price per widget. At trial Alexander will be allowed to present oral statements witnessed by others and industry standards to prove the price under the UCC.
(True/False)
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Serena's Soup Bowls sells Betty's Bakery and Restaurant 100 hand-painted soup bowls for $4.00 each bowl. The purchase order states that Serena must deliver the bowls to Betty's. The invoice from Serena states that Betty's must pick up the bowls. According to the UCC, what will most likely be the outcome of this conflicting terms?
(Multiple Choice)
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When a seller enters into an output contract with another, the seller
(Multiple Choice)
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Fred Fine Arts sends a letter addressed to Nicole stating it will trade a painting by Georgia O'Keefe for a Norman Rockwell painting Nicole owns. Two days later, Nicole shows up at Fred Fine Arts with the Normal Rockwell painting. According to the UCC, would this be sufficient to be an enforceable contract?
(Multiple Choice)
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According to the UCC if a time period of acceptance is not stated in the offer to sell goods, the time period for acceptance will be
(Multiple Choice)
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