13. Article 2A of the UCC deals with

a. the sale of real property

b. the sale of goods

c. the leases of real property

d. the leases of goods

e. negotiable instrument

14 Under UCC Article 2 goods must be ____________ to be merchantable.

a. of the highest quality possible

b. reasonably fit for the purposes for which they are being sold

c. of fair, average, merchantable quality

d. both b and c.

e. both a and b.

15. Under UCC Article 2, a seller or buyer is considered a merchant when

a. he regularly deals in goods of the kind involved in the transaction.

b. by occupation presents himself as having knowledge or skill specialized to the transaction.

c. he employs an agent or broker who holds himself out as having requisite knowledge or skill.

d. a, b, and c.

e. a and c only.

16. Article 2 of the UCC covers

a. the sale of real property

b. the sale of goods

c. the leases of real property

d. the leases of goods

e. negotiable instrument

17. When the parties to a contract that falls under the UCC fail to specify certain terms, the UCC

a. provides appropriate remedies for the breach created.

b. may fill in those (gaps) terms.

c. supplies all necessary terms to complete any commercial contract.

d. requires the terms to be completed before it recognizes a contract.

e. provides a special master to arbitrate all open terms.