QuestionBusiness Law Quiz-4

Business Law Quiz-4

Multiple Choice Questions (Enter your answers on the enclosed answer sheet)

1) What is the definition of “goods” under Article 2 of the UCC?
a. ”Goods” are defined as tangible things that are immovable at the time of their identification to the contract.
b. ”Goods” are defined as fixtures.
c. ”Goods” are defined as intangible things that are immovable at the time of their identification to the contract.
d. ”Goods” are defined as intangible things that are movable at the time of their identification to the contract.
e. ”Goods” are defined as tangible things that are movable at the time of their identification to the contract.

3) Where a contract for the sale of goods does not mention the place of delivery for the goods, which of the following is true?
a. The seller is obligated to deliver the goods to the buyer’s place of business.
b. The contract fails for failure to state a material term.
c. The seller is obligated to deliver the goods at the seller’s place of business.
d. Sellers without a place of business are obligated to deliver the goods at the seller’s home.
e. Both C and D are true.

4) Under the UCC, if an offer is received by mail, the acceptance:
a. can be made by another means, but only if the offer so states.
b. must also be made by mail.
c. can be made in any commercially reasonable manner.
d. is effective only once it is received by the offeror.
e. can be canceled by the offeree at any time during the period of a fi rm offer.

6) What is required to meet the writing requirement of the statute of frauds under the UCC?
a. In cases where both parties are merchants, a writing signed by the party to be charged or a written confi rmation of an oral agreement that is sent by one party to the other and not objected to by the other party; in all other transactions, a writing signed by the party to be charged.
b. In cases where at least one party is a merchant, either a writing signed by the party to be charged or a written confi rmation of an oral agreement that is sent to the merchant and not objected to by the merchant; in transactions not involving a merchant, a writing signed by the person to be charged.
c. In cases where both parties are merchants, a writing signed by the party other than the party to be charged at the end of the document.
d. In all cases, a writing signed by the party to be charged.
e. In all cases, a writing signed by all parties to the contract.

11) Which of the following is true regarding a shipment contract?
a. Such contracts require the seller to bear the risk of loss to the goods during their transportation.
b. The risk of loss does not pass until the goods are tendered to the buyer at the specified destination.
c. It requires the seller to deliver conforming goods to the buyer by use of the seller’s own trucks.
d. It requires the seller to ship goods conforming to the contract to a buyer via a carrier.
e. It requires the seller to deliver conforming goods to a specific destination.

Unit 4 Examination
273
Business Law

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