Exam 19: B: The Formation of Sales and Lease Contracts

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No oral contract is enforceable under the UCC.

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False

Certain provisions of UCC Article 2A apply only to consumer leases.

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Sunny Glass Company and Collision Repair Center enter into a contract under which Sunny agrees to deliver a certain quantity of auto glass to Collision Repair each month.The contract does not include a price term.In a suit between the par?ties over the price,a court will

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A

In a dispute over a sale involving a bicycle,Dain argues that as to this deal Emory's Hobby Shop,where Dain bought the bike,is a merchant.A court may determine whether Emory's is a merchant by assessing whether

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A lessor is a party who acquires a right to the possession and use of goods under a lease.

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Quinn enters into a series of agreements with Reba involving a sale of a Suite Dreams Motel,including the land,building,furnishings,shares of stock in Suite Dreams Company,and a contract with Trudy to create an ad campaign.Reba suspects that Quinn may be misrepresenting the facts.The UCC Statute of Frauds governs the sale of

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Under the UCC,a sale is the passing of title from a seller to a buyer for a price payable in cash,goods,or services.

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Whenever the parties to an international transaction fail to specify in writing the precise terms of the contract,the United Nations Convention on Contracts for the International Sale of Goods (CISG)will be applied.

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Goods associated with real estate never fall within the scope of UCC Article 2.

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UCC Article 2 applies to sales transactions between all buyers and sellers.

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If a contract in which goods and services are combined is primarily a goods contract,any dispute over it will be decided under the UCC.

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Fresh Harvest,Inc. ,agrees to sell to Gina's Bed & Breakfast Inn a certain amount of locally grown produce each week but no mention is made of where the goods are to be delivered.In general,the UCC requires that the delivery take place at

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Pop Culture Clothiers,Inc. ,sells t-shirts to Trendwell Stores,Inc. ,under an existing con?tract.When textile costs increase,Trendwell agrees to a price increase,but later wants to cancel the con?tract.Trendwell may

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The terms of a fully integrated contract can be contradicted only by evidence of any prior agreements.

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Over the course of a year,Retail Market,Inc. ,sells goods from its inventory and one of its warehouses.In exchange,Retail receives checks and other items that substitute for cash,which Retail uses to repay a loan from Savers Bank.Article 2 of the UCC governs

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Sweet Tooth Pastries,Inc. ,and other bakers refer to a "baker's dozen" as con?sisting of a collection of thirteen baked goods.This is an example of

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The UCC imposes a good faith limitation on requirements contracts.

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Fact Pattern 19-A1 Olisa enters into a contract to buy a stove from Pay-to-Own Appliance store with the price to be paid in monthly installments.After thirty-six months of payments,Olisa has paid more than twice the price of a similar stove.Eighteen payments remain due under the contract. -Refer to Fact Pattern 19-A1.Under the UCC,the court can evaluate the contract to determine whether it was unreasonably unfair and one sided

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Rally Corporation enters into a contract to sell ski gear to SnoSportz Company,which sells a pair of the skis to Tyra,a consumer,who later sells them to Uli,another consumer.Article 2 of the UCC applies to the sales transactions between

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Trina pays Urban Edge Electronics store $1,500 for a laptop com?puter.Under the UCC,this is

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