Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exceptions From EU Free Movement Law Derogation Justification And Proportionality

Authors: Panos Koutrakos, Niamh Nic Shuibhne, Phil Syrpis

1st Edition

1509928863, 978-1509928866

More Books

Students also viewed these Law questions

Question

Evaluate (a) (b) (c) VXA and V (V x A) if: X

Answered: 1 week ago

Question

Where is the position?

Answered: 1 week ago

Question

Discuss the fraud triangle and give an example for each?

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago