Question 1

An acceptance of goods can be done either expressly or by implication.

Accepted Answer

A) True 
 B)False

Question 2

A non-repudiating party has the right to require a guarantee of performance or a pledge of security.

Accepted Answer

A) True 
 B)False

Question 3

If appropriate assurance is not given in response to a demand for assurance of performance, the demanding party may:

Accepted Answer

A)  treat the contract as repudiated. 
B)  sue for libel. 
C)  file for an insurance payment. 
D)  not replace the repudiated contract.

Question 4

Upon a seller's tender of nonconforming goods and the buyer's rejection of them, the transaction has ended.

Accepted Answer

A) True 
 B)False

Question 5

The obligations of the parties to a sales contract include:

Accepted Answer

A)  the seller's duty to deliver the goods to the buyer's place of business. 
B)  the buyer's duty to always accept the goods. 
C)  the seller's duty to arrange for appropriate transport. 
D)  the buyer's duty to pay for the goods.

Question 6

If a contractually-specified mode of transportation is not available, the:

Accepted Answer

A)  contract is automatically voided. 
B)  seller must make delivery by a commercially-reasonable substitute. 
C)  buyer must arrange to pick up the goods. 
D)  seller must make personal delivery.

Question 7

A seller's duty to deliver goods requires the seller to transport the goods to the place designated by the buyer.

Accepted Answer

A) True 
 B)False

Question 8

Unless otherwise agreed, the proper place for the delivery of goods is:

Accepted Answer

A)  the buyer's place of business. 
B)  the seller's home. 
C)  a delivery service selected by the seller. 
D)  the seller's place of business.

Question 9

A party who has demanded adequate assurances must wait 90 days before she can treat the contract as repudiated.

Accepted Answer

A) True 
 B)False

Question 10

A buyer has a right to insist that all the goods be delivered at one time.

Accepted Answer

A) True 
 B)False

Question 11

If adequate assurance of performance is not given within five (5) business days from the time of the demand for assurance, the demanding party may treat the contract as repudiated.

Accepted Answer

A) True 
 B)False

Question 12

The standard for commercial impracticability is:

Accepted Answer

A)  hypothetical. 
B)  conjectural. 
C)  objective. 
D)  subjective.

Question 13

The UCC imposes a higher standard of good faith on merchants than on nonmerchants.

Accepted Answer

A) True 
 B)False

Question 14

A delivery is sufficient if it is made in accordance with the terms of the sales contract.

Accepted Answer

A) True 
 B)False

Question 15

The person on whom a demand for assurance is made, must reply in writing for the assurance to be deemed "adequate."

Accepted Answer

A) True 
 B)False

Question 16

Good faith essentially means that neither party can do anything to impair the other party's expectation of performance.

Accepted Answer

A) True 
 B)False

Question 17

The right to ___________ is a second chance for a seller to make a proper tender of conforming goods.

Accepted Answer

A)  rehabilitate 
B)  repair 
C)  heal 
D)  cure

Question 18

When a buyer demonstrates in some way that the goods conform to the contract, the buyer has made a(n):

Accepted Answer

A)  acceptance of the goods. 
B)  assignment of the goods. 
C)  substitution of the goods. 
D)  avoidance of the contract.

Question 19

Jared agrees to purchase twelve computers from Zack Enterprises, Inc. for sale in Jared's department store. Twelve boxes from Zack Enterprises have just arrived at the department store. What are Jared's rights and responsibilities?

Accepted Answer

The answer of Jared agrees to purchase twelve computers from...

Question 20

Substantial impairment requires proof that goods are worthless.

Accepted Answer

A) True 
 B)False

Exam 25: Obligations and Performance

An acceptance of goods can be done either expressly or by implication.

A non-repudiating party has the right to require a guarantee of performance or a pledge of security.

If appropriate assurance is not given in response to a demand for assurance of performance, the demanding party may:

Upon a seller's tender of nonconforming goods and the buyer's rejection of them, the transaction has ended.

The obligations of the parties to a sales contract include:

If a contractually-specified mode of transportation is not available, the:

A seller's duty to deliver goods requires the seller to transport the goods to the place designated by the buyer.

Unless otherwise agreed, the proper place for the delivery of goods is:

A party who has demanded adequate assurances must wait 90 days before she can treat the contract as repudiated.

A buyer has a right to insist that all the goods be delivered at one time.

If adequate assurance of performance is not given within five (5) business days from the time of the demand for assurance, the demanding party may treat the contract as repudiated.

The standard for commercial impracticability is:

The UCC imposes a higher standard of good faith on merchants than on nonmerchants.

A delivery is sufficient if it is made in accordance with the terms of the sales contract.

The person on whom a demand for assurance is made, must reply in writing for the assurance to be deemed "adequate."

Good faith essentially means that neither party can do anything to impair the other party's expectation of performance.

The right to ___________ is a second chance for a seller to make a proper tender of conforming goods.

When a buyer demonstrates in some way that the goods conform to the contract, the buyer has made a(n) :

Jared agrees to purchase twelve computers from Zack Enterprises, Inc. for sale in Jared's department store. Twelve boxes from Zack Enterprises have just arrived at the department store. What are Jared's rights and responsibilities?

Substantial impairment requires proof that goods are worthless.