Question
1) Sue delivers defective widgets to Boz. The widgets were not as warranted. In seeking to recover damages from Sue, Boz A.does not have to
1) Sue delivers defective widgets to Boz. The widgets were not as warranted. In seeking to recover damages from Sue, Boz
A.does not have to give Sue notice of the defect.
B.cannot recover because he accepted the goods.
C.would never be entitled to consequential or incidental damages.
D.of the goods as warranted.
2) If a buyer breaches a contract, the seller is accountable to the buyer for any profit that the seller makes on a resale.
True
False
3) If a seller fails to deliver goods called for in the contract, the buyer may purchase substitute goods. This is known as _____.
A.action for the price.
B.specific performance.
C.incidental damages.
D.cover.
4) Any attempt to limit consequential damages for injury caused to a person by consumer goods is considered_____.
A.punitive.
B.unconscionable
C.reasonable.
D.satisfactory.
5) Under the UCC, a remedy limitation blocking recovery of personal injury caused by consumer goods is almost always unconscionable
True
False
6) In which of the following transactions is the buyer most likely to be entitled to specific performance of the contract?
A.A contract for purchasing a rare Babe Ruth baseball card.
B.A contract for purchasing 50,000 boxes of crayons.
C.A contract for purchasing 60 bushels of tomatoes.
D.A contract for purchasing 75 shovels.
7) The objective of the UCC in regards to remedies for contract breach is to punish the offending party.
True
False
8) In the case of nondelivery, instead of covering, the buyer can get the difference between the contract price of the goods and their market price at the time he learns of the seller's breach.
True
False
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