Business Law Final flashcards | Quizlet - Business Law...

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11/14/14 10:23 PMBusiness Law Final flashcards | QuizletPage 1 of 3Ready to study?Start with FlashcardsBusiness Law Final25 terms byDawkinsFan1trueArticle 2 of the UCC governs the sale ofgoods.trueThe UCC imposes some different rules ofconduct on merchants and consumers.trueThe UCC defines a sale as occurring whentitle passes from the seller to the buyer for aprice.falseThe UCC will, in all cases, impose the samestandards on merchants than it imposes onconsumers.falseAccording to the UCC, one or more openterms will always cause a sales or leasecontract to fail for indefiniteness.trueIf a contract for a sale of goods does notinclude a price term, it may still beenforceable.falseIf a contract for a sale of goods does notinclude the delivery date, there is no basisfor enforcing it.falseIf a contract for a sale of goods does notinclude the terms for payment, there is nobasis for enforcing it.

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Term
Fall
Professor
Gough
Tags
Business Law, buyer, Merchant, Uniform Commercial Code

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