Question 1

Unconscionable contracts may&#10;A)be overly harsh.&#10;B)lack meaningful choice.&#10;C)be too lopsided.&#10;D)all of the above.

Accepted Answer

D

Question 2

Article 2A deals with lease transactions.

Accepted Answer

True

Question 3

Under the Uniform Commercial Code, a contract cannot be formed if terms are missing.

Accepted Answer

False

Question 4

Article 2 of the Uniform Commercial Code deals with which of the following?&#10;A)Leases&#10;B)Stocks&#10;C)Sales&#10;D)Secured transactions

Accepted Answer

The answer of Article 2 of the Uniform Commercial Code...

Question 5

The Uniform Commercial Code has ______ new articles.&#10;A)six&#10;B)two&#10;C)four&#10;D)three

Accepted Answer

The answer of The Uniform Commercial Code has ______ new...

Question 6

The Uniform Commercial Code has only nine articles.

Accepted Answer

The answer of The Uniform Commercial Code has only nine...

Question 7

Under Article 2, contracts for sale of goods over $500 must be in writing.

Accepted Answer

The answer of Under Article 2, contracts for sale of...

Question 8

Which of the following was substantially changed under the Uniform Commercial Code?&#10;A)Mirror Image Rule&#10;B)Mailbox Rule&#10;C)Parol Evidence Rule&#10;D)Statute of Frauds

Accepted Answer

The answer of Which of the following was substantially changed...

Question 9

Parol evidence can be used to explain which of the following?&#10;A)Course of dealing&#10;B)Usage of trade&#10;C)Course of performance&#10;D)All of the above

Accepted Answer

The answer of Parol evidence can be used to explain...

Question 10

The Statute of Frauds does not require a writing for which of the following?&#10;A)Specially manufactured goods&#10;B)Goods over $500&#10;C)Goods between merchants&#10;D)None of the above

Accepted Answer

The answer of The Statute of Frauds does not require...

Question 11

Article 2A has been adopted by ______ states.&#10;A)all&#10;B)some&#10;C)ten&#10;D)twenty-one

Accepted Answer

The answer of Article 2A has been adopted by ______...

Question 12

Contracts providing that a seller will sell to the buyer all goods the seller produces are _____ contracts.&#10;A)requirement&#10;B)output&#10;C)executed&#10;D)contingent

Accepted Answer

The answer of Contracts providing that a seller will sell...

Question 13

Article 2 of the Uniform Commercial Code deals with the sale of goods.

Accepted Answer

The answer of Article 2 of the Uniform Commercial Code...

Question 14

Under Article 2, the rules for offer and acceptance have been substantially relaxed.

Accepted Answer

The answer of Under Article 2, the rules for offer...

Question 15

To fall under the parameters of the Uniform Commercial Code, a sale may take place&#160; only between two merchant sellers.

Accepted Answer

The answer of To fall under the parameters of the...

Question 16

Course of dealing can be used to explain or clarify a contract.

Accepted Answer

The answer of Course of dealing can be used to...

Question 17

Article 2A regulates transactions between&#10;A)offeror and offeree&#10;B)obligor and obligee&#10;C)lessor and lessee&#10;D)promisor and promisee

Accepted Answer

The answer of Article 2A regulates transactions between&#10;A)offeror and offeree&#10;B)obligor...

Question 18

An offer can be a '&#34;firm offer&#34; even without consideration under Article 2.

Accepted Answer

The answer of An offer can be a '&#34;firm offer&#34;...

Question 19

The Uniform Commercial Code has not been adopted in whole or in part by all 50 states.

Accepted Answer

The answer of The Uniform Commercial Code has not been...

Question 20

Additional consistent terms still form a contract if&#10;A)the party does not object&#10;B)the terms do not materially alter&#10;C)all of the above&#10;D)none of the above

Accepted Answer

The answer of Additional consistent terms still form a contract...

Question 21

Match between columns&#10;                        Premises: Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;Person who provides a product or good.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;An offer that cannot be revoked for a reasonable time period.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;Person who purchases a good or product.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;The passing of title from a seller to a buyer for a price.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;Lack of meaningful choice in a contract.&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A contract for &#34;as much as we need.&#34;&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;A transfer of the right of possession and use of goods for term.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;Things that are moveable at the time of identification of the contract.&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;A contract for &#34;all goods we produce.&#34;&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.&#10;Laws governing commercial transactions.

Accepted Answer

The Answer of seller and output contract and procedural unconscionability is...

Deck 12: Sales: Article 2 of the Uniform Commercial Code