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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Modern commercial law was largely invented by British judges and legal experts who worked for years in the 1840's to replace outdated legal rules that were blocking the development of commerce.
(True/False)
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Every state, except Louisiana, has adopted Article 2 of the UCC.
(True/False)
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A computer store that one of HJ's friends owned went broke. HJ bought some disk drives from the friend. HJ sold the equipment. Some buyers are mad because the equipment has problems. HJ told them no refunds. If buyers sue him based on the UCC, they are likely to:
(Multiple Choice)
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Under the UCC, the seller's basic obligation includes being concerned with:
(Multiple Choice)
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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. Is there a contract between the parties?
(Multiple Choice)
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Under UCC Article 2, when there is a failure to respond to a writing signed by the other party:
(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 relies on the seller's skill or judgment to select the goods for that purpose, an implied warranty ____ is created.
(Multiple Choice)
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Under the common law, a contract cannot be formed until an offer is clearly accepted. Under UCC Article 2:
(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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The UCC's definition of "conspicuous" for a disclaimer is that the disclaimer is:
(Multiple Choice)
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Under the UCC, parol evidence may be admitted to clarify customary trade practices.
(True/False)
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If goods do not conform to the standards created by the warranty:
(Multiple Choice)
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A buyer ordered custom made equipment. The delivery date was not set, but the seller promised to do the job in a reasonable time. When the equipment was not ready when the buyer hoped, the buyer cancelled the order. The seller demanded payment. You would expect the court to hold that:
(Multiple Choice)
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Suppose two parties to a contract that is under the UCC decide to make a significant change in the contract, obligating the seller to provide more goods. When the terms of the contract change, it requires:
(Multiple Choice)
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A contract can exist under the UCC even if some terms are changed or added by the offeree.
(True/False)
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Article 2 uses the common law rule of each state to determine when an offer has been accepted to form a contract.
(True/False)
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In Griffith v. Clear Lakes Trout, where a dispute arose over "market size" trout, the court held that the buyer (Clear Lakes) had the right to expect the seller to grow the trout to a larger size than he had been doing.
(True/False)
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