Question 1

An express warranty may be created by all but which of the following:

Accepted Answer

A)  a seller's promise about goods being sold 
B)  a seller's guarantee regarding the safety of a good 
C)  the sample the buyer received from the seller 
D)  the description of the goods provided by the seller 
E)  any of the other choices 
A)  a seller's promise about goods being sold 
B)  a seller's guarantee regarding the safety of a good 
C)  the sample the buyer received from the seller 
D)  the description of the goods provided by the seller 
E)  any of the other choices

Question 2

If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming the goods did not have to be moved, title passes to the buyer when:

Accepted Answer

A)  the seller recognizes "payment in full" 
B)  the seller ships the title documents and goods 
C)  the buyer inspects the goods 
D)  the buyer makes "substantial" payment 
E)  any of the other choices 
A)  the seller recognizes "payment in full" 
B)  the seller ships the title documents and goods 
C)  the buyer inspects the goods 
D)  the buyer makes "substantial" payment 
E)  any of the other choices

Question 3

Under the ____the seller must tender the quality, quantity, and delivery method exactly as specified in the contract or the buyer has the right to reject the goods and rescind the contract.

Accepted Answer

A)  fine tender rule 
B)  exact tender rule 
C)  ultimate tender rule 
D)  common law tender rule 
E)  none of the other choices are correct 
A)  fine tender rule 
B)  exact tender rule 
C)  ultimate tender rule 
D)  common law tender rule 
E)  none of the other choices are correct

Question 4

Suppose a contract to buy chickens is under the CISG, but the contract does not state what the age of the chickens should be. In a dispute, the courts would look to:

Accepted Answer

A)  the intent of the parties 
B)  industry practice 
C)  the practice in the nation of the seller 
D)  the practice in the nation of the buyer 
E)  none of the other choices; the contract would be void 
A)  the intent of the parties 
B)  industry practice 
C)  the practice in the nation of the seller 
D)  the practice in the nation of the buyer 
E)  none of the other choices; the contract would be void

An express warranty may be created by all but which of the following:

If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming the goods did not have to be moved, title passes to the buyer when:

Under the ____the seller must tender the quality, quantity, and delivery method exactly as specified in the contract or the buyer has the right to reject the goods and rescind the contract.

Suppose a contract to buy chickens is under the CISG, but the contract does not state what the age of the chickens should be. In a dispute, the courts would look to:

Todays Business Environment: Law and Ethics

The Court Systems

Trials and Resolving Disputes

The Constitution: Focus on Application to Business

Criminal Law and Business

Elements of Torts

Business Torts and Product Liability

Real and Personal Property

Intellectual Property

Contracts

Business Organizations

Negotiable Instruments, Credit, and Bankruptcy

Agency and the Employment Relationship

Employment and Labor Regulations

Employment Discrimination

The Regulatory Process

Securities Regulation

Consumer Protection

Antitrust Law

Environmental Law

The International Legal Environment of Business

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Exam 11: Domestic and International Sales

An express warranty may be created by all but which of the following:

If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming the goods did not have to be moved, title passes to the buyer when:

Under the ____the seller must tender the quality, quantity, and delivery method exactly as specified in the contract or the buyer has the right to reject the goods and rescind the contract.

Suppose a contract to buy chickens is under the CISG, but the contract does not state what the age of the chickens should be. In a dispute, the courts would look to:

Todays Business Environment: Law and Ethics

The Court Systems

Trials and Resolving Disputes

The Constitution: Focus on Application to Business

Criminal Law and Business

Elements of Torts

Business Torts and Product Liability

Real and Personal Property

Intellectual Property

Contracts

Business Organizations

Negotiable Instruments, Credit, and Bankruptcy

Agency and the Employment Relationship

Employment and Labor Regulations

Employment Discrimination

The Regulatory Process

Securities Regulation

Consumer Protection

Antitrust Law

Environmental Law

The International Legal Environment of Business

Filters