Exam 11: Domestic and International Sales
Exam 1: Todays Business Environment: Law and Ethics327 Questions
Exam 2: The Court Systems431 Questions
Exam 3: Trials and Resolving Disputes509 Questions
Exam 4: The Constitution: Focus on Application to Business445 Questions
Exam 5: Criminal Law and Business321 Questions
Exam 6: Elements of Torts465 Questions
Exam 7: Business Torts and Product Liability361 Questions
Exam 8: Real and Personal Property287 Questions
Exam 9: Intellectual Property407 Questions
Exam 10: Contracts584 Questions
Exam 11: Domestic and International Sales424 Questions
Exam 12: Business Organizations459 Questions
Exam 13: Negotiable Instruments, Credit, and Bankruptcy535 Questions
Exam 14: Agency and the Employment Relationship416 Questions
Exam 15: Employment and Labor Regulations539 Questions
Exam 16: Employment Discrimination466 Questions
Exam 17: The Regulatory Process349 Questions
Exam 18: Securities Regulation449 Questions
Exam 19: Consumer Protection483 Questions
Exam 20: Antitrust Law439 Questions
Exam 21: Environmental Law498 Questions
Exam 22: The International Legal Environment of Business338 Questions
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The UCC, compared to the common law, prefers standard form contracts.
(True/False)
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The subject matter of a sales contract is not considered a good under Article 2 unless:
(Multiple Choice)
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A California winery shipped its Rotgut Red wine to the House of Wines. The wine was improperly bottled, causing the wine to blow its corks and spew wine all over Wines' carpeting. In Wines' suit against the winery, the damages to the carpet will be considered:
(Multiple Choice)
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In a dispute with a stock broker over the sale of stock, a lawyer will ordinarily bring the lawsuit under Article 2 of the UCC.
(True/False)
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Ramirez contracted to buy a new truck. On the delivery date, the truck was not ready. After it was delivered, the truck had many problems that could not be fixed. Ramirez wanted to rescind the contract but the seller wanted more chances to repair. The court likely found:
(Multiple Choice)
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Under the CISG, offers made to ____ are valid offers to make a contract.
(Multiple Choice)
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In the event of a breach of sales contract by the seller, all reasonable costs or direct expenses associated with the delay in receiving the goods or in tracking down substitute goods are included in the:
(Multiple Choice)
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____ means that the good "must be of a quality comparable to that generally acceptable in that line or trade."
(Multiple Choice)
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Ordan's agreed to sell olives to Vic's. The goods were shipped Monday for Friday delivery. On Wednesday, while the goods were in transit, Vic's canceled the contract. Ordan's may:
(Multiple Choice)
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Andrea offered to buy apricots from Aramos. The offer was for 10 tons at $1.20 per pound to be transported to Andrea's warehouse in Aramos trucks. Aramos accepted the offer, but said that the goods would be transported in Andrea's trucks. A dispute later arose and Aramos refused to sell the apricots, asserting that no contract existed. If Aramos sues, it:
(Multiple Choice)
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____ of the Uniform Commercial Code governs the law of commercial sales.
(Multiple Choice)
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Under UCC Article 2, a sale must involve the transfer of the ____ to the goods involved in the sale.
(Multiple Choice)
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Under both Article 2 and the common law, if parties intend to enter into a binding agreement, but are unable to agree to all major terms, a contract will be formed with the missing terms supplied by the parties at a later date or reasonable terms will be imposed by the court if necessary.
(True/False)
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The UCC operates the same as the common law in how it allows courts to fill the gaps left of contracts that have open terms.
(True/False)
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To be a valid contract, the writing of a contract under the UCC must be complete as to:
(Multiple Choice)
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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:
(Multiple Choice)
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InQVC v. MJC America, where QVC sued for breach of contract after electric heaters delivered by MJC were shown to have defects, the trial court held that:
(Multiple Choice)
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