Question 1

The UCC imposes a duty of good faith in the performance of all contracts.

Accepted Answer

A) True 
 B)False

Question 2

In a mixed contract involving goods and services,Article 2 of the UCC will govern if the predominant purpose is the sale of goods.

Accepted Answer

A) True 
 B)False

Question 3

UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally.These include all but which of the following?

Accepted Answer

A)   The parties may make a contract in any manner sufficient to show that they reached an agreement.
B)   A writing sufficient under the statute of frauds may be a simple memo,a letter,or informal note,but need not itself be a contract.
C)   The UCC will enforce a deal even though it is difficult to say exactly when it was formed.
D)   A court may enforce a bargain even though one or more terms were left open.

Question 4

A product liability case may be brought in warranty,negligence,or strict liability,but it must have the element that a person or business has been hurt by goods.

Accepted Answer

A) True 
 B)False

Question 5

The UCC is federal legislation enacted by Congress.

Accepted Answer

A) True 
 B)False

Question 6

Generally,a contract may include language that limits or alters the damages recoverable for a breach of warranty,as long as the restrictions are not unconscionable.

Accepted Answer

A) True 
 B)False

Exam 13: Introduction to Sales

The UCC imposes a duty of good faith in the performance of all contracts.

Correct Answer
verified

Generally,a contract may include language that limits or alters the damages recoverable for a breach of warranty,as long as the restrictions are not unconscionable.

Correct Answer
verified

UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally.These include all but which of the following?

Correct Answer
verified

The UCC is federal legislation enacted by Congress.

Correct Answer
verified

A product liability case may be brought in warranty,negligence,or strict liability,but it must have the element that a person or business has been hurt by goods.

Correct Answer
verified

In a mixed contract involving goods and services,Article 2 of the UCC will govern if the predominant purpose is the sale of goods.

Correct Answer
verified

Exam 13: Introduction to Sales

The UCC imposes a duty of good faith in the performance of all contracts.

Correct AnswerverifiedShow Answer

Generally,a contract may include language that limits or alters the damages recoverable for a breach of warranty,as long as the restrictions are not unconscionable.

Correct AnswerverifiedShow Answer

UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally.These include all but which of the following?

Correct AnswerverifiedShow Answer

The UCC is federal legislation enacted by Congress.

Correct AnswerverifiedShow Answer

A product liability case may be brought in warranty,negligence,or strict liability,but it must have the element that a person or business has been hurt by goods.

Correct AnswerverifiedShow Answer

In a mixed contract involving goods and services,Article 2 of the UCC will govern if the predominant purpose is the sale of goods.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified