Chapter 15 Questions

Chapter 15 Questions - Chapter 15 Questions 1 The law of...

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Chapter 15 Questions 1. The law of sales applies to what types of contracts? It applies whenever people buy or sell goods. To determine if the ucc, you should ask if this is a contract for the sale of goods. If yes, apply the law under ucc, if no, then apply the common law of contracts. Also different laws apply in different situations. 2. Name three items that are considered goods. Name one item that is a future good? Goods are defined as all the things (other than money, stocks, and bonds) that are moveable. They include young animals, which are unborn growing crops, timber and minerals if they are to be sold separately from the real property. 1) Office furniture, 2) Mobile homes, 3) Human blood, 4) Milk, 5) numismatics, 6), weddings pictures, 7) electricity, 8) waste paper, 9) kerosene, 10) ships, 11) airplanes, 12) horses, and 13) soybeans, among many others. A future goods a good that is not in existence or not yet under the control of people. Included are fish in the sea, minerals in the ground, and goods not yet manufactured. 3.
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Chapter 15 Questions - Chapter 15 Questions 1 The law of...

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