4 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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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 5:04 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 4 seconds out of 2 hours and Instructions Question 1 In contracts involving a carrier, a seller can complete performance only through a destination contract. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 Elegant Carpets, Inc., and Fantastic Floors Stores enter into a contract for a sale of carpeting. Under a shipment contract, the seller must Selected Answer: [None Given] Correct Answer: place the goods into the hands of a carrier. 0 out of 2 points Question 3 Under a destination contract, a seller must deliver the goods via a carrier. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 4 If a buyer repudiates a contract, the seller cannot recover damages. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 5 Unless the parties agree otherwise, the buyer must make payment at the time and place that the goods are received. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Question 6 Sid and Tony enter a contract for a sale of Sid's collection of electric guitars. Before the time for performance, Sid tells Tony that he does not want to deliver the guitars. Anticipatory repudiation is Selected Answer: [None Given] Correct Answer: a breach of contract. 0 out of 2 points Question 7 Tender must occur at a reasonable hour and in a reasonable manner. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 8 Natural Foods, Inc., orders "Grade A" oil from Olive Grove Farms to process and sell to Pic 'N Pay Grocers. Olive Grove ships "Grade B" oil, which Natural Foods accepts. To recover damages for the nonconformity, Natural Foods must give notice of the breach within a reasonable time to Selected Answer: [None Given] Correct Answer: Olive Grove only. 0 out of 2 points Question 9 days later, Dino refuses delivery and cancels the contract. City is entitled to Selected Answer: [None Given] Correct Answer: resell the car and recover any damages from Dino. 0 out of 2 points
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This note was uploaded on 03/16/2011 for the course BUS 241 taught by Professor Green during the Spring '11 term at New River Community College.

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4 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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