1. Ralph enters into a contract and buys a Bicycle from Sal's Cycle Shop. This transaction in considered a "sale of goods" under the Article 2 of the Uniform Commercial Code (UCC). A) true B) false 2. Armand the Model enters into a contract with knuckles Magazine wherein he authorizes them to use his name and likeness on the Magazine's cover for the month of October 2012 in exchange for 10,000.00. Armand's attorney feels that Article 2 of the UCC does not apply to this deal. Is he correct ? A) yes B) no 3. Fred's Beans, Inc. enters into a contract to buy cooking oil from Sally's Restaurant Supply, co. The terms of the deal are 10 barrels of oil for $3,000.00 "FOB" Federal Express, Miami Florida. In this contract: A) Buyer is picking up the goods from seller B) seller, at his own cost and risk is tendering the goods to a shipper C) buyer at his own cost and risk must get the goods to the shipper D) this is a destination contract 4. In question 3 above the parties did not discuss/agree upon specifics as to payment. The consequence is: A) there is no contract because the offer is considered indefinite- does not cover the material terms. B) the seller must sell the goods on credit- "Net 30" C) the buyer must pay at the time and place that the goods are delivered "C.O.D." D) none of the above