7 - 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 5:06 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 5 seconds out of 2 hours and Instructions Question 1 Unless a contract provides otherwise, it is assumed to be a destination contract. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 A bill of lading serves as a contract for the transportation of goods. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 3 Lewey's Bicycle Store contracts to buy fifty bicycles from Mountain Bikes, Inc. Unless the contract states otherwise, this is Selected Answer: [None Given] Correct Answer: a shipment contract. 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 If a contract for a sale of goods does not include a price term, a reasonable price can be determined by looking at the market for the goods. 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 An unconscionable contract is a contract so one-sided and unfair at the time it is made that enforcing it would be unreasonable. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 7 Timber Products, Inc., and Walt, a consumer, enter into a contract for a sale of plywood. If the contract includes a clause that is perceived as grossly unfair to Walt, its enforcement may be challenged under the doctrine of Selected Answer: [None Given] Correct Answer: unconscionability. 0 out of 2 points Question 8 Article 2 of the UCC governs contracts for sales of services. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 9 Quik Sales Corporation orders goods from Re Stock Company. Re plans to market the goods to consumers generally. Re identifies the goods. Before they are shipped to Quik, an insurable interest in the goods exists in Selected Answer: [None Given] Correct Answer: Quik and Re, but not consumers generally. 0 out of 2 points Question 10 The UCC has replaced the common law concept of title in part with the concept of identification. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 11 Under the UCC, an oral contract for a sale of goods is enforceable unless payment has been made and accepted. Selected Answer:
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7 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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