BUSI 2301 CHAPTER 11 - Business Law 2301 CHAPTER 11 HW...

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Business Law 2301 CHAPTER 11 HW Question 1 An unconscionable contract is a contract so one-sided and unfair at the time it is made that enforcing it would be unreasonable. TRUE Question 2 The UCC has replaced the common law concept of title in part with the concept of identification. TRUE Question 3 Under the UCC, the validity of a contract depends on its price term. FALSE Question 4 "Unless otherwise explicitly agreed," title passes to the buyer at the time and place at which the seller physically delivers the goods. TRUE Question 5 If a seller is a merchant, and the seller holds the goods, the risk of loss passes to a buyer when the buyer takes physical possession of the goods.
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