Chapter21 - Ch.21 Quiz Instructions Please read the...

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Ch.21 Quiz Instructions Please read the questions carefully. This assessment is worth 100 points. 1. A contract for the sale of widgets (goods) specifies periodic delivery. However, under similar past contracts with the seller, the buyer has accepted delivery in one shipment. The seller delivers the goods in one shipment under the current contract. The buyer objects. If the buyer were to sue the seller, the court would enforce the express terms of the contract. (5 points) True Fals e 2. Article 2 of the UCC says that payment for goods must be in the form of cash, a check, or some other substitute for money; and cannot be services, land, or other goods. (5 points) True Fals e 3. Once a buyer has accepted goods from the seller, he waives all his legal remedies for any defects or nonconformity in the goods. (5 points) True Fals e 4. If a carload of wheat is considered to be a commercial unit, a buyer who contracts to buy ten carloads and accepts eight and one-half carloads is considered to have accepted nine carloads. (5 points) True Fals
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This note was uploaded on 02/28/2012 for the course ACCT 460 taught by Professor Charley during the Spring '12 term at Aachen University of Applied Sciences.

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Chapter21 - Ch.21 Quiz Instructions Please read the...

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