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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 4 Practice Test Review Test Submission: Module 4 Practice Test Review Test Submission: Module 4 Practice Test User Kristen M Ritch Submitted 3/5/11 5:01 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 4 seconds out of 2 hours and Instructions Question 1 If, before the time for performance, a buyer communicates an intent not to perform, the seller can consider the buyer in breach and pursue a remedy. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 2 Timber Mills Corporation and Ur-Choice Lumberyards enter into a contract for a sale of plywood. Under a destination contract, the seller must Selected Answer: [None Given] Correct Answer: deliver the goods to a particular destination. 0 out of 2 points Question 3 A buyer who accepts nonconforming goods cannot revoke the acceptance. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 4 Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that Selected Answer: [None Given] Correct Answer: exactly conform to the contract in every detail. 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Faculty & Course Informati Assignments Course Documents Discussion Board My Grades Communication Tools Resources Question 5 Pep Paints agrees to sell to Quality Painters Grade A-1 latex outdoor paint to be delivered May 8. On May 7, Pep tenders Grade B-2 paint. Quality rejects the Grade B-2 paint. Two days later, Pep tenders Grade C-3 paint with an offer of a price allowance. Pep has Selected Answer: [None Given] Correct Answer: no more time to cure. 0 out of 2 points Question 6 International Gem Corporation agrees to sell Jewel Outlets, Inc. (JOI), fifty new diamonds, but the contract does not specify a place of delivery. JOI is expected to pick up the goods. The place of delivery is Selected Answer: [None Given] Correct Answer: International's place of business. 0 out of 2 points Question 7 Garden Field Farms and Haute Gourmet Restaurant, Inc., enter into a contract for a sale of lettuce before Haute Gourmet declares bankruptcy. Garden Field can stop delivery of the goods in transit Selected Answer: [None Given] Correct Answer: regardless of the quantity. 0 out of 2 points Question 8 Citrus Groves contracts with four food companies to sell its entire crop of oranges. When half of the crop is lost to an unexpected insect infestation, Citrus must Selected Answer: [None Given] Correct Answer: apportion its surviving crop fairly among its customers.... View Full Document

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