Question
If a buyer refuses to accept delivery of goods, the seller can store the goods for the buyer but cannot sue to recover the sales
If a buyer refuses to accept delivery of goods, the seller can store the goods for the buyer but cannot sue to recover the sales price.
Question 7 options:
True | |
False |
Question 8 (1 point)
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Article 2 of the Uniform Commercial Code (UCC) covers contracts for:
Question 8 options:
real estate transfers. | |
leases. | |
sales. | |
services. |
Question 9 (1 point)
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A legally enforceable agreement that has as its purpose the immediate transfer of title to personal property in return for consideration is known as a(n):
Question 9 options:
contract for materials. | |
contract for goods. | |
contract to sell. | |
contract for sale. |
Question 10 (1 point)
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When the buyer is __________, the UCC provides the seller with the right of __________.
Question 10 options:
insolvent, stoppage in transit | |
solvent, walk out in transit | |
solvent, strike out in transit | |
insolvent, action in shipment |
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