Exam 21: Title and Risk of Loss
Exam 1: The Legal Environment72 Questions
Exam 2: Constitutional Law72 Questions
Exam 3: Courts and Alternative Dispute Resolution72 Questions
Exam 4: Tort Law72 Questions
Exam 5: Product Liability72 Questions
Exam 6: Intellectual Property Rights72 Questions
Exam 7: Internet Law, social Media, and Privacy72 Questions
Exam 8: Criminal Law and Cyber Crime72 Questions
Exam 9: Business Ethics72 Questions
Exam 10: Nature and Classification72 Questions
Exam 11: Agreement72 Questions
Exam 12: Consideration72 Questions
Exam 13: Capacity and Legality72 Questions
Exam 14: Voluntary Consent72 Questions
Exam 15: The Statute of Fraudswriting Requirement72 Questions
Exam 16: Performance and Discharge72 Questions
Exam 17: Breach and Remedies72 Questions
Exam 18: Third Party Rights72 Questions
Exam 19: International Law in a Global Economy72 Questions
Exam 20: The Formation of Sales and Lease Contracts72 Questions
Exam 21: Title and Risk of Loss72 Questions
Exam 22: Performance and Breach of Sales and Lease Contracts72 Questions
Exam 23: Negotiable Instruments72 Questions
Exam 24: Banking in the Digital Age72 Questions
Exam 25: Security Interests and Creditors Rights72 Questions
Exam 26: Bankruptcy72 Questions
Exam 27: Agency Relationships in Business72 Questions
Exam 28: Employment, immigration, and Labor Law72 Questions
Exam 29: Employment Discrimination72 Questions
Exam 30: Sole Proprietorships and Franchises72 Questions
Exam 31: All Forms of Partnership72 Questions
Exam 32: Limited Liability Companies and Special Business Forms72 Questions
Exam 33: Corporate Formation and Financing72 Questions
Exam 35: Corporate Mergers, takeovers, and Termination72 Questions
Exam 36: Investor Protection, insider Trading, and Corporate Governance72 Questions
Exam 37: Administrative Law72 Questions
Exam 38: Antitrust Law and Promoting Competition72 Questions
Exam 39: Consumer and Environmental Law72 Questions
Exam 40: Liability of Accountants and Other Professionals72 Questions
Exam 41: Personal Property and Bailments72 Questions
Exam 42: Real Property and Landlord-Tenant Law72 Questions
Exam 43: Insurance, wills, and Trusts72 Questions
Select questions type
If the goods are so nonconforming that the buyer has the right to reject them,the risk of loss does not pass to the buyer.
Free
(True/False)
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(38)
Correct Answer:
True
Roasters Corporation and Outdoor Barbecues,Inc.,enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
Free
(Multiple Choice)
4.9/5
(44)
Correct Answer:
A
Fits Like A Glove Shoes,Inc.,and Retail Footwear Stores enter into a contract for a sale of shoes. The contract indicates that the price includes transportation costs to a specific destination by including the term
Free
(Multiple Choice)
4.8/5
(34)
Correct Answer:
D
Sundry's department store orders one hundred dresses from Taylor's Clothing Company. The contract does not expressly state when title to the goods will pass. Title passes when
(Multiple Choice)
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(41)
Title and risk of loss can pass to the buyer from the seller before the goods are identified to the contract.
(True/False)
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Commercial Rents Corporation agrees to lease a pressure washer to Delivery Trucks,Inc.,which agrees to pick it up at E Street Warehouse. Before Delivery Trucks retrieves the washer,it is stolen. The loss is suf-fered by
(Multiple Choice)
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(36)
With nonconforming goods,the risk of loss passes to the buyer if the buyer accepts the goods in spite of their defects.
(True/False)
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Elizabeth buys a car from Silas,who is sixteen years old. Elizabeth wants to sell the car to her neighbor,John. Elizabeth's title to the car is
(Multiple Choice)
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(33)
Pam buys from Midtown Motors a used sport utility vehicle (SUV). The SUV was manufactured by Gem Vehicles,Inc.,and previously owned by Ron. Regarding title to the SUV,Pam acquires
(Multiple Choice)
4.8/5
(30)
Generally,a buyer acquires title that is superior to whatever title the seller had to the goods sold.
(True/False)
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(29)
In contracts involving a sale of unborn animals to be born within twelve months,identification takes place when the animals are conceived.
(True/False)
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(37)
Under the UCC,the risk of loss is necessarily determined by title.
(True/False)
4.9/5
(25)
Outdoor Outfitters Store contracts to buy fifty tents from Pitched Camp,Inc. Unless the contract states otherwise,it is assumed to be
(Multiple Choice)
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(31)
Unless a contract provides otherwise,it is assumed to be a shipment contract.
(True/False)
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(24)
Equipment Rentals Corporation (ERC)agrees to lease two backhoes to Dig & Fill Construction,Inc. Before any inter-est in the backhoes can pass from ERC to Dig & Fill,they must be
(Multiple Choice)
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(41)
All UCC provisions relating to the passage of title for sales of goods also apply to leases of goods.
(True/False)
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(32)
Red's Roofing buys asphalt roofing tiles from Shingles,Inc. The parties agree that the tile will be shipped "F.O.B. Shingles's warehouse" to Red's Roofing location via Tristate Shipping Corporation. The tiles are lost in transit. The loss is suffered by
(Multiple Choice)
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(35)
Jason contracts with Golf Carts Unlimited,Inc. to buy five golf carts. The contract lists the five carts as GC001,GC002,GC003,GC004,GC005. Identification
(Multiple Choice)
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(38)
When a bailee is holding goods that are to be delivered under a contract without being moved,the risk of loss cannot pass to a buyer.
(True/False)
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(31)
In most situations involving sales,rights and liabilities are determined by who has the title to the goods.
(True/False)
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(22)
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