Select the example that isinconsistentwith the provisions of the UCC for contract remedies for a seller's breach of contract.

1. In its sales contract, a software company specifies that its sole obligation in the event that its software is defective is to replace it with a non-defective copy.
2. An appliance company sells a defective stove that injures its owner. The sales contract excludes responsibility for consequential damages except those deemed unconscionable, so the company replaces the stove and compensates the woman for her injury.
3. The sales contract for a shoe company specifies that the statute of limitations for any charges of breach of contract shall be limited to two years.
4. In order to be more competitive with buyers, the sales contract for a television manufacturer extends the statute of limitations for breach of contract claims to six years.

A share of corporate stock is __________.

1. tangible fungible private property
2. intangible public property
3. intangible private property
4. tangible public property

Contracts function as a symbol of __________ in modern society.

1. wealth
2. oppression
3. disorder
4. free will

Which of the following accurately characterizes the function of the U.S. Circuit Courts?

1. The Circuit Courts are responsible for trying both criminal and civil cases.
2. The Circuit Courts are responsible for hearing appeals sent to them by the District Court system.
3. The Circuit Courts are responsible for reviewing cases decided by the Supreme Court.
4. The Circuit Courts are responsible for overseeing all of the federal court system.

A plant patent __________.

1. is available for new uses discovered for existing plants
2. is available for new plant species that are asexually reproduced
3. is obtainable, but not for commercial use
4. is not permitted, because living things are not patentable