bl 15-17 - chapter 15 1. Adam pays Beta Corporation $1,500...

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chapter 15 1. Adam pays Beta Corporation $1,500 for a notebook computer. Under the UCC, this is A) a bailment. B) a consignment. C) a lease. D) a sale. Feedback: Points Earned: 1.0/1.0 Correct Answer(s): D 2. Alpha Electronics, Inc., sells computers and computer accessories to persons who order them. Alpha is a merchant with respect to A) computers only. B) computer accessories only. C) computers and computer accessories. Feedback: D) none of these. Points Earned: 1.0/1.0 Correct Answer(s): C 3. A-One Products Corporation and Best Manufacturing, Inc., enter into a contract for a sale of goods that does not include a price term. In a suit between A-One and Best over the price, a court will A) determine a reasonable price. Feedback: B) impose the lowest market price for the goods. C) refuse to enforce the agreement. D) return the parties to the positions they held before the contract. Points Earned: 1.0/1.0 Correct Answer(s): A 4. Coastal Sales Corporation sends its purchase order form to Delta Products, Inc., for sixty display stands. Delta responds with its own form. Additional terms in Delta’s form automatically become part of the contract unless A) Coastal objects to the new terms within a reasonable period of time. B) Coastal’s form expressly required acceptance of its terms. C) the additional terms materially alter the original contract. D) any of these. Feedback: Points Earned: 1.0/1.0 Correct Answer(s): D 5. Mountain Boots, Inc., and National Shoe Company orally agree to a sale of 100 pair of hiking boots for $5,000. National gives Mountain a check for $500 as a down payment. At this point, the contract is A) enforceable to at least the extent of $500. Feedback:
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B) fully enforceable because it is for specially made goods. C) fully enforceable because it is oral. D) none of these. Points Earned: 1.0/1.0 Correct Answer(s): A 6. Apex Corporation sells two construction cranes to Baker Company, which leases one crane to Construction, Inc., and gives the other crane to Equipment, Inc. Article 2A of the UCC applies to A) the gift only. B) the lease only. Feedback: C) the sale only. D) the gift, the lease, and the sale. Points Earned: 1.0/1.0 Correct Answer(s): B 7. Britney and Carl dispute the interpretation of an ambiguous clause in their contract. In a suit to determine the meaning of the clause, the court may accept evidence of A) consistent additional terms only. Feedback: B) consistent additional terms and contradictory terms. C) contradictory terms only. D) anything extrinsic to the contract. Points Earned: 1.0/1.0 Correct Answer(s): A 8. Eve enters a contract with Fancy Furniture, Inc. In a later suit, Eve claims that a clause in the contract is unconscionable. If the court agrees, it may A) enforce, limit, or refuse to enforce the contract or the disputed clause.
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