ANSWERS-CH19 - CHAPTER 19 FORMATION AND TERMS OF SALES...

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CHAPTER 19 FORMATION AND TERMS OF SALES CONTRACTS ANSWERS TO CHAPTER 19 True-False Multiple Choice 1. F 2. F 3. F 4. F 5. T 6. F 7. F 8. T 9. F 10. F 11. d 12. c 13. a 14. a 15. c 16. d 17. a 18. d 19. b 20. d Short Essay 21. In a sale or return, goods are delivered to a buyer for resale with the understanding that the buyer has the right to return them. The title and risk of loss rests with the buyer, and the goods are subject to the claims of his creditors while in is possession. In a consignment, the consignor must take certain steps to protect his interest in the goods or they will be subject to the claims of the merchant’s creditors. The consignor must make sure that a sign indicating his interest is prominently posted or make sure the merchant’s creditors knows that the merchant is selling goods owned by another, or comply with filing provisions of the UCC Article 9. 22. Lightweight must pay the purchase price. This was a shipment contract, so the risk of loss shifted from Quayleco to Lightweight when Quayleco delivered the goods to the
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This note was uploaded on 04/30/2010 for the course BUSLAW 301 taught by Professor Abu during the Spring '09 term at Abu Dhabi University.

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ANSWERS-CH19 - CHAPTER 19 FORMATION AND TERMS OF SALES...

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