Exam 11: Domestic and International Sales

Under Article 2, if the offeror does not clearly state a particular method of acceptance, a contract is formed when the offer is accepted in any reasonable manner under the circumstances.

According the UCC's statute of frauds all:

The sale of stocks and bonds are excluded from coverage by the CISG.

Article 2 of the UCC covers the sale of:

Lisa mailed an offer to sell cotton to Jeff who sent an acceptance. However, Jeff made changes in the time and place of delivery. Under the UCC's Article 2:

A(n) ____ is when a buyer agrees to take all of the output of a certain seller.

If, in a contract under the CISG, a seller delivers goods that the buyer believes do not conform to the terms of the contract, the buyer must notify the seller and give a chance to perform properly.

The seller's basic obligation under the UCC is to:

If a North Carolina firm contracts to buy toys from China, and the contract does not specify which law applies, in case of dispute, which law must apply:

Because of the extra complexities in international sales, the CISG requires a formal written and signed contract.

If a contract for the sale of goods does not specify where goods are to be delivered, the UCC presumes that in most cases:

In Crest Ridge Construction v. Newcourt, where an order for construction materials that Crest Ridge needed was rejected for failure to meet credit terms, and Crest Ridge had to find a higher-cost replacement and sued Newcourt for damages, the appeals court held that:

Modern international commercial law is now dominated by a set of rules agreed upon by merchants around the world and by private resolution of most disputes.

Under the UCC, an offeror may not impose a term in an offer that does not allow the offeree to change terms of the offer.

Suppose parties to a contract that is under the UCC fail to specify some term. The UCC:

A buyer and a seller would like to enter into a contract for the sale of goods. In his offer the buyer does not specify a price. The seller agrees with the arrangement.

Under the CISG, advertisements:

Every state except ____ has adopted UCC Article 2.

Warranty of title includes the warrant that:

____ are foreseeable damages that result from a seller's breach.