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8 - 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 5:07 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 8 seconds out of 2 hours and Instructions Question 1 A buyer may reject a seller's goods under any circumstances. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 If a buyer repudiates a contract, the seller cannot recover damages. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 3 Cheesy Pizza Company contracts to sell 1,000 cases of frozen pizzas to Roller Rinks, Inc., but refuses to deliver. Due to a spice shortage, Roller Rinks cannot obtain pizza elsewhere. Roller Rinks's right to recover the goods from Cheesy is the right of Selected Answer: [None Given] Correct Answer: replevin. 0 out of 2 points Question 4 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 disposed of. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 5 If a buyer wrongfully refuses to accept goods that conform to a contract, the seller can maintain an action to recover the damages sustained. 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: True Question 6 Primo Pools Company and Aquatic Recreation, Inc., enter into a contract for a sale of prefabricated swimming pools. Under either a shipment contract or a destination contract, the seller must Selected Answer: [None Given] Correct Answer: provide the buyer with any necessary documents of title. 0 out of 2 points Question 7 The term cure refers to the right of the seller to reject, adjust, or replace nonconforming goods. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 8 If 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. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 9 An installment contract is breached if a buyer accepts any nonconforming goods. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 10 Summit Supply Company contracts for a sale of medical equipment to Valley Immediate Care Corporation. Summit can enforce its right to payment Selected Answer: [None Given] Correct Answer: only after Valley has had an opportunity to inspect the goods.
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