Exam 18: Introduction to Sales and Lease Contracts

Under the UCC,prompt shipment of goods is considered an acceptance of an offer to buy the goods.

Tangible property has physical existence.

Sales contracts are governed exclusively by Article 2 of the UCC.

Roy's Chick'n Shack orders chicken from Standard Food Supplier,but Standard does not deliver.Roy's will probably be unable to enforce the agreement if the parties

Community Construction Corporation offers to buy from Solid Cement Company a certain quantity of cement for a certain price.Solid can ac?cept the offer by

The UCC imposes some different rules on merchants.

Expert Stitching Corporation enters into a contract to sell denim clothing to Fine Fashion Company,which in turn sells a pair of jeans to Grady,a consumer.In contrast to standards that apply to consumers,the UCC imposes on merchants

Fresh Produce,Inc.,and Great Grocery Stores dispute the interpretation of an ambiguous phrase in their contract.In a suit between the parties to con?strue the contract,a court may accept evidence of

Under the UCC,if a contract is unilateral,the offeror must be notified of the of?feree's performance.

Over the course of a year,Real Deal Corporation sells appliances to customers to whom it extends credit.Real Deal orders the appliances from Superior Appliance Company's warehouse,from which the items are shipped via common carrier to Real Deal's customers.Article 2 of the UCC governs

Mary owns a small real estate company that arranges apartment leases for college students.She leases an apartment for nine months to Sara,a new undergraduate in the area.On her son's eighteenth birthday,Mary gives him a gift of a car.On her daughter's sixteenth birthday,Mary gives her a gift of $500.Mary sells her home gym to her neighbor for $1,000.Which of Mary's transactions would be covered by Article 2 of the UCC?

Tune Products,Inc.,offers to sell to Unlimited Sales Company one hundred MP3 players at $50 a piece,subject to certain specific delivery dates.Unlimited replies with a signed purchase order that reads,"Accept your of?fer for 100 I-appliances at $50 each. Must be delivered to our ware?house." Tune does not respond or deliver the goods.Unlimited files a suit for breach of contract,to which Tune answers that there is no contract because Unlimited's purchase order contained additional terms and is not signed by Tune.Can Unlimited recover? Explain.