Self Check Chapter 19 Quiz (WK6)

Self Check Chapter 19 Quiz (WK6) - Self Check Chapter 19...

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Self Check Chapter 19 Quiz (WK6) 1 The Uniform Commercial Code is law, regardless of whether it is adopted by a  particular state. A) True B) False 2 Under a "CIF" contract, the seller of goods bears the expense and the risk of  loading the goods. A) True B) False 3 The Code applies the same standard of conduct to consumers and non- merchants as it does to merchants. A) True B) False 4 In a contract for the sales of goods and services, the UCC will always apply. A) True B) False 5 Under an "FOB" term of a sales of goods contract, the seller is obligated to make  a reasonable contract of transportation of the goods on behalf of the buyer. A) True B) False 6 At common law, who retained the risk of loss when goods shipped from buyer to  seller? A) Buyer B) Seller C) The party who held title at the time of loss. D) The named beneficiary.
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7 Greg, in Birmingham, Alabama, entered a contract to purchase goods from Kim,  in Denver. The contract stated that the shipment is "FOB Denver". This means  that the risk of loss rests with A) Kim until she delivers the goods to a carrier in Denver. B) Kim until the goods are delivered Birmingham. C) Greg, when he picks up the goods from the carrier in Birmingham. D)
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This note was uploaded on 06/08/2010 for the course MG 260DLB taught by Professor Brentgilje during the Fall '09 term at Park.

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Self Check Chapter 19 Quiz (WK6) - Self Check Chapter 19...

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