Street Bikes, Inc., makes and sells a bike to Ted. Street Bikes fails to exercise due care to make the bike safe, however, and Ted is injured as a result. Street Bikes is most likely liable for

	a.	commonly known danger.
	b.	negligence.
	c.	assumption of risk.
	d.	product misuse.

Outlook Inc. merges with Pinnacle Inc. Only Pinnacle remains.

Refer to Fact Pattern 31-1. Outlook held rights in certain real property. With regard to these assets, in the merger Pinnacle assumes

	a.	an amount of assets equal to the ratio of the firms pre-merger market values.
	b.	only those assets acquired after the merger was proposed.
	c.	all of Outlooks assets.
	d.	none of Outlooks assets.

Marine Expeditions, Inc., pays Nates Boats $4,000 to use an oceangoing vessel for a month. For the purposes of the UCC, this is

	a.	a lease.
	b.	a contract for services.
	c.	a merchants firm offer.
	d.	a sale.

Steel Buildings, Inc., agrees to sell four air compressors to Truck Service Center. Five days later, the buyer refuses delivery and cancels the contract. The seller is entitled to

	a.	resell the air compressors and recover any damages from the buyer.
	b.	resell the air compressors but not recover any damages from the buyer.
	c.	recover any damages from the buyer but not resell the air compressors.
	d.	force the buyer to accept the air compressors.