Question
1Sales are governed by section 2 of the UCC (Uniform Commercial Code). Group of answer choices True False 2The California Commercial Code is based on
1Sales are governed by section 2 of the UCC (Uniform Commercial Code).
Group of answer choices
True
False
2The California Commercial Code is based on the Uniform Commercial Code.
Group of answer choices
True
False
3The UCC governs the sale of goods.
Group of answer choices
True
False
4Contracts for the sale of goods require that the offer and acceptance elements be mirror image.
Group of answer choices
True
False
5A contract for the sale of goods can have missing terms like price and shipping.Missing terms can be supplied by the court.Missing terms are referred to as "open terms" under the UCC.
Group of answer choices
True
False
6The statute of frauds requires a writing for the sale of goods over $500.
Group of answer choices
True
False
7Specially manufactured goods are an exception to the statute of frauds meaning oral contracts for specially manufactured goods will be enforced by the courts.
Group of answer choices
True
False
8Sellers have a duty to deliver conforming goods (the ones called for in the contract).If sellers deliver non-conforming goods the buyer may reject them or accept them.The buyer has a reasonable time to inspect the goods and return them if they are non-conforming or defective.
Group of answer choices
True
False
9If the buyer notifies the seller of the non-conforming or defective goods the seller may cure and tender conforming goods if there is still time to perform under the contract.
Group of answer choices
True
False
10.If it appears the seller cannot or will not perform the buyer can ask for adequate assurances and if the seller cannot give them the buyer can treat the contract as breached and seek cover elsewhere to mitigate any damages (i.e., get replacement goods and sue the seller for any additional amount it cost to cover -- of course if the buyer gets the goods for less, including his time and expense, there is no loss).
Group of answer choices
True
False
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