Chapter 12 Quiz

Chapter 12 Quiz - Chapter 12 Quiz Your response has been submitted successfully Points Awarded Points Missed Percentage 0 10 0 1 According to the

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Chapter 12 Quiz Your response has been submitted successfully. Points Awarded 0 Points Missed 10 Percentage 0% 1. According to the UCC, an oral agreement: A. that is partially performed (for example, one of ten lots is delivered) is automatically canceled under the doctrine of force majure. B. is not valid unless and until some form of documentation is signed by both parties. C. is never legally binding. D. may be revoked if the buyer sends a notice of objection within 30 days of receipt of the goods. E. normally must include some written notation if the price of the order the sale of goods is $500 or more. Points Earned: 0/1 Correct Answer: E Your Response: A 2. When it comes to product liability, supply management: A. is responsible for establishing the cost of the actual damage. B. has responsibility only to the internal customer, not the final customer. C. lowers risk by ensuring that suppliers deliver defect-free goods. D. is liable depending on the type of warranty agreed to in the contract. E. has little or no role since this is essentially a legal action. Points Earned: 0/1 Correct Answer: C Your Response: B 3. The Sarbanes-Oxley Act: A. requires listing off-balance sheet items such as long-term purchase agreements. B.
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This note was uploaded on 10/21/2011 for the course TOM 434 taught by Professor Guyse during the Fall '09 term at Cal Poly Pomona.

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Chapter 12 Quiz - Chapter 12 Quiz Your response has been submitted successfully Points Awarded Points Missed Percentage 0 10 0 1 According to the

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