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
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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
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Exam 22: The International Legal Environment of Business338 Questions
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Which of the following sales could not fall under the CISG:
(Multiple Choice)
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A(n) ____ is a statement or representation made by a seller that goods conform to certain standards of quality, safety, performance, and title.
(Multiple Choice)
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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:
(Multiple Choice)
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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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Which of the following is not true, under UCC Article 2, about a merchant's firm offer:
(Multiple Choice)
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In Griffith v. Clear Lakes Trout, where a dispute arose over "market size" trout, the court held that it would look to the history of the dealings between the parties to see what they believed, in practice, to be the proper size of the fish.
(True/False)
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If the buyer relies on the seller's skill or judgment to select the goods for a unique purpose, an express warranty of merchantability may be created.
(True/False)
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A buyer and seller have been doing business for months without a formal contract. Every Monday, the seller delivers supplies to the buyer's business. Every Thursday, the buyer pays the invoice by mail. Difficult times arrive. The buyer fails to make payment and the seller sues for breach of contract. Is there a contract?
(Multiple Choice)
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In Kramer v. ATW Axtell Tech, where Kramer bought Internet service equipment from ATW that did not work as well as advertised, the courts held that the award of repair costs, consequential damages, and lost profits were all justified.
(True/False)
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According to Article 2's statute of frauds provision, all written contracts under the UCC must specify all terms of the contract.
(True/False)
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Like the common law, the UCC provides that the parties must exchange new consideration to modify an existing sales contract.
(True/False)
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A(n) ____ is one in which a seller agrees to provide all of a certain good that a buyer needs.
(Multiple Choice)
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When a seller fails to deliver goods, either by being too late to be useful or because the goods are nonconforming, the buyer is entitled:
(Multiple Choice)
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If goods do not conform to the standards created by the warranty:
(Multiple Choice)
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In Griffith v. Clear Lakes Trout, Griffith grew trout for Clear Lakes; the parties got into a dispute over what were "market size" trout, as Clear Lakes wanted larger fish. The court held that:
(Multiple Choice)
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If the buyer breaches a UCC contract while the goods are still in the possession of the seller, the seller is authorized to:
(Multiple Choice)
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If parties to the sale of goods under Article 2 fail to state when title passes, then it is presumed to pass when the goods are manufactured and ready for shipment.
(True/False)
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During negotiations, the seller may induce the buyer to buy goods by making claims or by taking other actions. When those statements or actions relate to the quality, condition, or performance of the goods, the seller creates an express warranty.
(True/False)
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