Contract and Goods
ch19
Student: ___________________________________________________________________________
1. Article 2 of the UCC mandates that the parties to a sales contract state in specific and unambiguous language the exact terms of the contract. Otherwise, courts will declare the contract unenforceable.
True False 2. Law of sale of goods codified in the Art.2 of the UCC is modified to accommodate current practices of the merchants.
True False 3. In mixed goods-services situations, courts determine whether the contract is for the sale of goods by determining whether the good or the service is the dominant part of the transaction.
True False 4. Article 2 of the UCC determines the rights of the seller, the buyer, and third parties irrespective of who has title at any given moment.
True False 5. A issues purchase order to B for goods which costs $ 25,000. B agrees to provide the same but he doesn't sign the purchase order. A can file a suit for the breach of contract.
True False 6. Parties to sale contract should not necessarily act in a commercially reasonable manner and good faith.
True False 7. In Exclusive Dealing Contracts, sellers have an obligation to use their best efforts to supply the goods to the buyers.
True False 8. The importance of the terms FOB and FAS in contracts for the sale of goods is that they obligate the buyer to pay immediately upon delivery of the goods.
True False 9. A seller of goods can never pass "better title" to those goods than the title that she has.
True False 10. A department store sells a TV set to Wilson, who pays with a bad check. Wilson immediately sells the TV to Davis for $500. Davis knew nothing about how Wilson acquired the TV from the store. Davis has good title to the TV and will prevail against the store if it sues Davis for the TV or its value.
True False 11. Lisa took her computer to ABC Computer Sales and Repair, Inc. ABC mistakenly sold
Student: ___________________________________________________________________________
1. Article 2 of the UCC mandates that the parties to a sales contract state in specific and unambiguous language the exact terms of the contract. Otherwise, courts will declare the contract unenforceable.
True False 2. Law of sale of goods codified in the Art.2 of the UCC is modified to accommodate current practices of the merchants.
True False 3. In mixed goods-services situations, courts determine whether the contract is for the sale of goods by determining whether the good or the service is the dominant part of the transaction.
True False 4. Article 2 of the UCC determines the rights of the seller, the buyer, and third parties irrespective of who has title at any given moment.
True False 5. A issues purchase order to B for goods which costs $ 25,000. B agrees to provide the same but he doesn't sign the purchase order. A can file a suit for the breach of contract.
True False 6. Parties to sale contract should not necessarily act in a commercially reasonable manner and good faith.
True False 7. In Exclusive Dealing Contracts, sellers have an obligation to use their best efforts to supply the goods to the buyers.
True False 8. The importance of the terms FOB and FAS in contracts for the sale of goods is that they obligate the buyer to pay immediately upon delivery of the goods.
True False 9. A seller of goods can never pass "better title" to those goods than the title that she has.
True False 10. A department store sells a TV set to Wilson, who pays with a bad check. Wilson immediately sells the TV to Davis for $500. Davis knew nothing about how Wilson acquired the TV from the store. Davis has good title to the TV and will prevail against the store if it sues Davis for the TV or its value.
True False 11. Lisa took her computer to ABC Computer Sales and Repair, Inc. ABC mistakenly sold