3 - NR275.BUS.241.35.SP11[Spring 2011 BUS 241-35 Business...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 4 Practice Test Review Test Submission: Module 4 Practice Test Review Test Submission: Module 4 Practice Test User Kristen M Ritch Submitted 3/5/11 5:02 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 6 seconds out of 2 hours and Instructions Question 1 Title is one concept that the UCC has substituted for the common law concept of risk of loss. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 A receipt issued by a warehouser for goods stored in a warehouse is a bill of lading. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 3 Twyla buys a bicycle from U-Pik-It Bike Store, which agrees to keep the bike for Twyla until she picks it up. Before Twyla gets the bike, a fire destroys the store and the bike. The loss is suffered by Selected Answer: [None Given] Correct Answer: U-Pik-It only. 0 out of 2 points Question 4 "Unless otherwise explicitly agreed," title passes to the buyer at the time and place at which the seller physically delivers the goods. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 5 Tasty Pastries, Inc., and other bakers refer to a "baker's dozen" as consisting of a collection of thirteen baked goods. This is an example of Selected Answer: [None Given] 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Faculty & Course Informatio Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Correct Answer: usage of trade. Question 6 VuTech Company agrees to sell digital video equipment to Home & Business Stores, Inc., for Home & Business to market to its customers. Their contract will not be enforceable unless it includes Selected Answer: [None Given] Correct Answer: the quantity of the goods. 0 out of 2 points Question 7 A seller with void title can transfer good title to a good faith purchaser for value. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 8 Thermal Appliances Corporation, a U.S. firm, orally agrees to sell six freezers to Pisa Pizza, Ltd., in Italy. Thermal fails to deliver. Under the United Nations Convention on Contracts for the International Sale of Goods (CISG), Pisa Pizza can Selected Answer: [None Given] Correct Answer: enforce the agreement. 0 out of 2 points Question 9 Ideal Gadgets, Inc., and Jolly Outlets Corporation enter into a contract for a sale of kitchenware. The contract requires Ideal to deliver the goods to Ladle Carrier Company for transport to Jolly's warehouse in Metro City. Risk of loss passes to Jolly when Selected Answer: [None Given] Correct Answer: Ideal delivers the goods to Ladle. 0 out of 2 points Question 10 The UCC has replaced the common law concept of title in part with the concept of identification.
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