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BUL 5810 CH. 21 Test with Solutions to Questions
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BUL 5810 CH. 21 Test with Solutions to Questions
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BUL 5810 CH. 21 Test withSolutions to Questions
If the contract between Wizard Internet and the seller included both the computer
equipment and its installation, would the Article 2 of the UCC cover the agreement? -
Answer A court would look to the "predominant factor" test to determine if the Article 2
of the UCC covered the contract.
Can there be a contract between Wizard Internet and the seller without an
agreement on the price? - Answer Yes, under UCC contract laws.
Can there be a valid contract between Wizard Internet and the seller if the quantity
of the computer equipment was left open? - Answer No, the contract would fail for
indefiniteness.
Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy 5,000
tablets of Gensol from Pharzime. Would Article 2 of the UCC cover the contract? -
Answer Yes
, Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy 5,000
tablets of Gensol from Pharzime. Part of the contract called for clinical staff from
Pharzime to deliver the medication to the patients at Dr. Reilly's clinic. Which of the
following is true? - Answer The predominant factor test would be used to
determine whether the UCC would cover the contract.
Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy some
tablets of Gensol from Pharzime. Since Dr. Reilly does not know how many tablets he
will need, that contract states that Pharzime will supply the clinic with "as many
tablets as it needs." Which of the following is true about the contract? - Answer It is a
requirements contract.
A "sale" of goods happens when: - Answer title to the goods is passed.
Which of the following transactions is governed by Article 2 of the UCC? - Answer The
sale of oranges to be picked up from a 10-acre grove.
The CISG applies to: - Answer the international sale of goods.
The Code defines __________ as "honesty in fact in the conduct or transaction
concerned." - Answer good faith
A merchant is defined as a person who: - Answer 1. Is a dealer in a particular type
of goods
2. by his occupation holds himself out as having knowledge or skills peculiar to
certain goods or practices
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