Ch22-TB1-WBL-10e

Ch22-TB1-WBL-10e - Chapter22 N.B:,modified,orunchanged,as...

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Chapter 22 Performance and Breach of Sales and Lease Contracts N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Goods called for by a contract must be tendered in a single delivery unless  the parties agree otherwise. ANSWER: T PAGE: 426 TYPE: + 2. If a contract does not specify where the goods are to be delivered and the  buyer is to pick them up, the place of delivery is the location of the goods. ANSWER: F PAGE: 426 TYPE: + 3. A seller can always exercise the right to cure within the contract time for  performance. ANSWER: T PAGE: 427 TYPE: + 4. Goods may be rejected only if they are substantially nonconforming with  the terms of the contract. 217
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218 TEST BANK 1: UNIT FOUR: DOMESTIC AND INT’L SALES AND LEASE CONTRACTS ANSWER: F PAGE: 427 TYPE: = 5. A seller fulfills a contract by delivering goods that conform to the terms. ANSWER: T PAGE: 427 TYPE: +
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PERFORMANCE AND BREACH OF SALES AND LEASE CONTRACTS 219 6. A substitution of one type of goods for another is always a valid tender of  delivery if it is done within the time for performance. ANSWER: F PAGE: 427 TYPE: + 7. A seller can terminate a contract on the basis of commercial impractica- bility if increases in the seller’s costs threaten to undercut its profits. ANSWER: F PAGE: 429 TYPE: + 8. In general, a buyer’s duty to pay for tendered goods becomes absolute before  the buyer has had an opportunity to inspect the goods. ANSWER: F PAGE: 431 TYPE: N 9. Unless the parties agree otherwise, a buyer or lessee must pay for goods at  the time and place of their receipt. ANSWER: T PAGE: 431 TYPE: + 10. If, before the time for performance, a buyer communicates an intent not to  perform, the seller can consider the buyer in breach and pursue a remedy. ANSWER: T PAGE: 433 TYPE: + 11. A lessee’s breach of a contract will usually give the lessor the right to cancel  the contract. ANSWER: T PAGE: 435 TYPE: + 12. An innocent party to a breached sales or lease contract is limited to one,  exclusive remedy. ANSWER: F PAGE: 435 TYPE: N 13. If a buyer breaches a contract and the seller resells the goods to another  party, the seller cannot recover any loss from the breaching buyer. ANSWER:
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Ch22-TB1-WBL-10e - Chapter22 N.B:,modified,orunchanged,as...

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