Ch22-TB2-WBL-10e

Ch22-TB2-WBL-10e - Chapter 22 Performance and Breach of...

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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. The standard of good faith is only read into contracts that provide expressly  for it. ANSWER: F PAGE: 425 TYPE: + 2. A seller’s tender of goods that does  not  conform to a contract is  not  a valid  tender. ANSWER: T PAGE: 426 TYPE: + 3. Goods may be tendered in installments if the parties prefer it that way. ANSWER: T PAGE: 426 TYPE: + 4. Under a destination contract, a seller must deliver the goods to a carrier,  after which the risk of loss passes to the buyer. ANSWER: F PAGE: 427 TYPE: = 219
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220 TEST BANK 2—UNIT FOUR: DOMESTIC AND INT’L SALES AND LEASE CONTRACTS 5. A seller cannot exercise the right to cure once the time for performance  under the contract has expired. ANSWER: T PAGE: 427 TYPE: N
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CHAPTER 22: PERFORMANCE AND BREACH OF SALES AND LEASE CONTRACTS 221 6. A substitution of one commercially reasonable carrier for another can be a  valid tender of delivery if it is done within the time for performance. ANSWER: T PAGE: 428 TYPE: N 7. In an installment contract, a buyer can reject any installment for any  reason. ANSWER: F PAGE: 428 TYPE: + 8. If a nonconforming installment substantially impairs the value of a whole  contract, the buyer can treat the entire contract as having been breached. ANSWER: T PAGE: 428 TYPE: N 9. A delay in delivery of goods under a sales contract is a breach if perform- ance is commercially impracticable. ANSWER: F PAGE: 429 TYPE: N 10. Unless the parties agree otherwise, the buyer must make payment at the  time and place that the goods are received. ANSWER: T PAGE: 431 TYPE: N 11. If goods fail to conform to a contract in any way, the buyer or lessee cannot  make even a partial acceptance of the goods. ANSWER: F PAGE: 433 TYPE: N 12. A buyer’s breach of a contract will  not  usually give the seller the right to  cancel the contract. ANSWER: F PAGE: 435 TYPE: N 13. When a buyer breaches a contract while the seller is still in possession of  the goods, the seller can resell the goods and hold the buyer liable for any  loss. ANSWER: T PAGE: 435 TYPE: =
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TEST BANK 2—UNIT FOUR: DOMESTIC AND INT’L SALES AND LEASE CONTRACTS 14. An unpaid seller can bring an action to recover the purchase price, on the  buyer’s breach of a contract, only if the goods are first resold or otherwise  disposed of. ANSWER:
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Ch22-TB2-WBL-10e - Chapter 22 Performance and Breach of...

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