Question
An implied warranty Group of answer choices Is not something that is covered under the UCC Is based on an express promise Does not arise
An implied warranty
Group of answer choices
Is not something that is covered under the UCC
Is based on an express promise
Does not arise from the seller's express promise
Arises in all contracts under the common law
If a seller refuses to deliver goods, the remedies include all of the following EXCEPT
Group of answer choices
Buyer's right to physically take away the seller's property
The right to specific performance
Buyer's right to obtain the goods on insolvency
Buyer's right to cancel the contract
CISG stands for
Group of answer choices
The idea that sales contracts are only in the U.S.
Congress of International Securities Grants
The idea that the UCC is the only set of rules for contracts concerning goods
Contracts for the International Sale of Goods
Parol evidence
Group of answer choices
Is always illegal
Applies only if there is a criminal sentencing
Is always legal
Is outside of the contract
Under the UCC, acceptance
Group of answer choices
Must be in writing
Must be in a formal contract
Can be any means that are reasonable
Can be against state law, as long as the parties are OK with it
Under the UCC, "seasonably" means
Group of answer choices
After the expiration of an offer
Within a specified time period
A specific calendar season, such as winter, etc.
Before the expiration of an acceptance
A latent defect
Group of answer choices
Is evident if a seller fails to deliver goods on time
Occurs when the buyer is lazy about performance
Is clear
Is not obvious
Undue influence
Group of answer choices
Means that one party is much better than the other in negotiations
Makes a contract voidable
Means that there has been fraudulent misrepresentation
Is not a contract principle
Duress
Group of answer choices
Is overcoming free will
Is unique to the fashion industry
Encourages equality in negotiations
Does not affect a contract's enforceability
Impossibility of performance
Group of answer choices
Confirms the existence of a contract
Can discharge the contract
Means that the buyer must pay more than she had anticipated
Means that the seller must pay more than he had anticipated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started