1. Article 2 of the UCC covers the sale of tangible goods only.

   True

   False

2. The UCC requires any acceptance to adhere to the mirror image rule.

   True

   False

QUESTION 3

1. The sale of both goods and services are covered by Article 2 of the UCC.

   True

   False

QUESTION 4

1. A contract with open quantity terms will never be valid.

   True

   False

QUESTION 5

1. One must have title to the goods in order to have an insurable interest.

   True

   False

QUESTION 6

1. An unconscionable contract may be avoided with court intervention under the UCC.

   True

   False

QUESTION 7

1. Once title to the goods passes to the buyer, the seller no longer has an insurable interest in the goods.

   True

   False

QUESTION 8

1. The default contract under the UCC is a destination contract.

   True

   False

QUESTION 9

1. A conditional acceptance by the offeree is considered a counteroffer.

   True

   False

QUESTION 10

1. In non carrier cases the place of delivery is generally the sellers place of business or residence.

   True

   False