Bul 5810 exam 3 questions Study guides, Class notes & Summaries

BUL 5810 EXAM 3 QUESTIONS AND ANSWERS...

BUL 5810 EXAM 3 QUESTIONS WITH COMPLETE SOLUTIONS What is the general rule for communication of acceptance? - Answer-Acceptance effective upon dispatch unless the offer specifically provides otherwise or the offeree uses an unauthorized means of communication. The communication of acceptance must conform to the __________________________ in the offer - Answer-specification The Restatement and the Code provide that unless the offer provides otherwise, acceptance is authorized to be in: - A...

Most contracts are governed primarily by State ___________ ______, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. ~~> common law Article 2 of the UCC governs the: ~~> sale of goods "Sale" is defined as: ~~> the transfer of title from seller to buyer. Goods are defined as: ~~> tangible personal property (personal property is all property other than an interest in land) In...

BUL 5810 EXAM 3 QUESTIONS WITH COMPLETE SOLUTIONS Course of dealing refers to: - Answer-a sequence of previous conduct between the parties establishing a common basis for interpreting their agreement. Usage of trade is: - Answer-a practice or method of dealing regularly observed and followed in a place, vocation, or trade. The Code establishes separate rules that apply to transactions between merchants or involving a merchant; a merchant is defined as: - Answer-A dealer in goods or a pers...

BUL 5810 Exam 3 with Questions and 100% Correct Answers

A contract in which both parties exchange promises is called a: - Answer bilateral contract A contract in which only one party makes a promise, and that promise is exchanged for an act or a forbearance to act, is called a: - Answer unilateral contract A valid contract is one that: - Answer meets all of the requirements of a binding contract.

BUL 5810 Exam 3 Questions With Correct Answers Most contracts are governed primarily by State ___________ ______, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. - answercommon law Article 2 of the UCC governs the: - answersale of goods "Sale" is defined as: - answerthe transfer of title from seller to buyer. Goods are defined as: - answertangible personal property (personal property is all propert...

©THEBRIGHTSTARS 2024 BUL 5810 CH. 21 Exam Questions With Correct Answers A "sale" of goods happens when: - answertitle to the goods is passed. Which of the following transactions is governed by Article 2 of the UCC? - answerThe sale of oranges to be picked up from a 10-acre grove. The CISG applies to: - answerthe international sale of goods. The Code defines __________ as "honesty in fact in the conduct or transaction concerned." - answergood faith A merchant is defined as a person...