1- If Able Manufacturing in Seattle and Big Box in Los Angeles sign a contract that states "FOB Los Angeles," it means the parties have agreed to a shipment contract and the title and risk of loss passes to Big Box when they are placed in the carrier's possession in Seattle.

True

False

2- Great Lakes Enterprises Inc., a wholesaler of fresh fish, agrees with Ivar's Seafood to sell 12 boxes of fresh-caught fish at 'market value.' The contract is unenforceable because the UCC requires a price for the goods.

True

False

3- Mary Martin and Philipina Manz agree to the purchase and sale of Mary Martin's motorcycle. When Mary Martin (seller) offers to give the keys to the motorcycle to Philipina Manz (buyer) who offers to pay for the motorcycle with a cashier's check, a tender of performance has occurred.

True

False

4- Mega Restaurant Supply (Mega) contracts with Harmony Dairy Farms for "all of the milk" Harmony can produce from March 1, 2021 to September 1, 2021. The contract specifies a price, but no exact quantity of milk to be purchased is set in the contract. This contract is a(n):

A- invalid contract because no quantity is set.

B-valid requirements contract.

C- valid output contract.

D- invalid contract because consideration is missing.

5-Which of the following is considered to be future goods?

A- Office furniture on the showroom floor.

B- Gasoline at a gas station.

C- Fish in the sea.

D- A hamburger you have just eaten.