cheeseman_buslaw7_tif_20

cheeseman_buslaw7_tif_20 - 20 REMEDIESFORBREACHOFSALES...

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1) Tender of delivery under the UCC requires the seller to transfer and deliver goods to the buyer in accordance with a sales or lease contract. Answer: FALSE Diff: 1 Topic: Seller's and Lessor's Obligations 2) Unless otherwise agreed or circumstances permit, the seller must deliver all goods named in a contract in a single shipment. Answer: TRUE Diff: 1 Topic: Seller's and Lessor's Obligations 3) When goods named in a contract are held by a bailee, tender of delivery occurs when the buyer receives the goods from the bailee. Answer: FALSE Diff: 1 Topic: Seller's and Lessor's Obligations 4) If a contract does not expressly state where the delivery will take place, the UCC relieves the seller of any obligation to tender goods to the buyer. Answer: FALSE Diff: 1 Topic: Seller's and Lessor's Obligations 5) Generally, a buyer may take physical possession of the goods and inspect them within a reasonable time without having accepted the goods. Answer: TRUE Diff: 1 Topic: Seller's and Lessor's Obligations 179 REMEDIES FOR BREACH OF SALES  AND LEASE CONTRACTS 20
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6) A sales contract requires the seller to deliver 100 shirts to the buyer. Upon inspection the buyer discovers that 99 shirts conform to the contract but one does not. The buyer must return the entire shipment and either ask for a refund or replace the order with the seller. Answer: FALSE Diff: 2 Topic: Seller's and Lessor's Obligations 7) The right to cure refers to the seller or lessor's right to repair or replace defective or nonconforming goods. Answer: TRUE Diff: 2 Topic: Seller's and Lessor's Obligations 8) If a seller delivers nonconforming goods under an installment contract, the buyer or lessee may reject any noncomforming installment if the value of the installment is impaired and the defect cannot be cured. Answer: TRUE Diff: 2 Topic: Seller's and Lessor's Obligations 9) A buyer who agrees to C.O.D. payment terms continues to have the right to inspect goods before paying for them. Answer: FALSE Diff: 2 Topic: Buyer's and Lessee's Obligations 10) If a seller requires cash as payment, the buyer must be allowed an extension of time to be able to procure the cash. Answer: TRUE Diff: 2 Topic: Buyer's and Lessee's Obligations 11) When there is an anticipatory repudiation, the aggrieved party will not have a cause of action until the time that performance was due. Answer: FALSE Diff: 2 Topic: Anticipatory Repudiation 180
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12) A party requesting assurance of performance from the other party remains obligated to perform its own obligations even if adequate assurance is not received from the other party. Answer: FALSE Diff: 1 Topic: Assurance of Performance 13) If there is an anticipatory repudiation of a contract for the sale of goods, the nonbreaching party may choose whether to await performance or treat the contract as breached at the time of the repudiation. Answer:
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cheeseman_buslaw7_tif_20 - 20 REMEDIESFORBREACHOFSALES...

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