TRUE/FALSE

1. The price in a sale of goods may only be paid in money.

2. Every contract for the sale of goods must state the price.

3. In a "sale on approval" contract the risk of loss remains on the seller if the buyer returns the goods to the seller.

4. A warranty of fitness for a particular purpose arises when the buyer relies upon the seller to select goods to meet the buyer's needs.

5. All firm offers are good for three months

6. An express warranty is a statement of opinion concerning the goods.

7. The quantity of goods must be stated to satisfy the statute of frauds.

8. An FOB contract is always a shipment contract.

9. A firm offer must have consideration to be enforceable.

10. The UCC statute of limitations for goods may be reduced to one year by agreement of the parties.