bus law 1 quiz 5 - User Robin Juratovac Submitted 11/23/11...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
User Robin Juratovac Submitted 11/23/11 12:17 PM Name Week Five Quiz Status Completed Score 32 out of 40 points Instructions Question 1 2 out of 2 points A party can be treated under the UCC as a merchant for some transactions and a non-merchant for other transactions. Answer Selected Answer: True Correct Answer: True Question 2 2 out of 2 points A UCC sale occurs when possession of property is transferred from one party to another party. Answer Selected Answer: False Correct Answer: False Question 3 2 out of 2 points If the price is omitted from a sales contract, a “reasonable price” will be implied upon delivery of the goods. Answer Selected Answer: True Correct Answer: True Question 4
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 out of 2 points The proper relationship between the common law of contracts and the UCC regarding sales is: Answer Selected Answer: the UCC controls sales, but where the UCC dies not apply for some reason or is silent, common law still applies. Correct Answer: the UCC controls sales, but where the UCC dies not apply for some reason or is silent, common law still applies. Question 5
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

bus law 1 quiz 5 - User Robin Juratovac Submitted 11/23/11...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online