Bus Law Milestone 2.pdf - Sophia Welcome Score 18/21 You...

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12/20/2020 Sophia :: Welcome 1/11 UNIT 2 — MILESTONE 2 Score 18/21 You passed this Milestone 18 questions were answered correctly . 3 questions were answered incorrectly . 1 Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract. The sales contract for a consumer electronics company excludes specific performance as a remedy for non-delivery of items ordered by the buyer, but it allows for refunds. The sales contract for a lumber mill that sells building materials includes a liquidated damages clause for the amount of $50 million in the event of a breach of contract. In its sales contract, a maker of musical instruments gives buyers a maximum of two years to raise any concerns relating to breach of contract. The sales contract for a swimming pool supply store allows for a single remedy for any contract breaches. CONCEPT Remedies in General Under the Uniform Commercial Code 2 You and I verbally agree that you will buy my bicycle for $200. This is a(n) __________.
12/20/2020 Sophia :: Welcome implied contract quasi-contract unilateral contract express contract CONCEPT Different Types of Contracts 3 Andy is driving a 20-year-old boat that he borrowed from a friend. While he's on the water, the steering system fails and the boat crashes. Subsequent investigation shows that the steering system failed as a result of corrosion. Andy sues the boat manufacturer for negligence. How strong is his negligence case against the product manufacturer? Strong, because proximate cause between the corroded steering system and the crash is easy to establish. Strong, because there is no evidence that Andy's own actions contributed to the damages. Weak, unless he can show that the corrosion was the result of a design defect rather than normal wear and tear on a 20-year-old boat. Weak, because he does not have privity of contract, since he was borrowing his friend's boat. CONCEPT Negligent Products Liability 4 Tort law is similar to criminal law in that __________.
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12/20/2020 Sophia :: Welcome 3/11 they both require specific intent on the part of the defendant they both require specific intent on the part of the plaintiff they both have primarily developed in common law courts CONCEPT Introduction to Tort Law 5 A manufacturer of a portable circular saw is sued by Dennis, who, while using the saw, put it down on the ground in front of him after it was shut off but while the blade was still turning. The still-circulating saw creeped across the floor, causing significant personal injury to Dennis' foot. Dennis sued the manufacturer for defective design of the circular saw based on it not having a brake mechanism or a retractable cover for the blade once the saw was turned off.

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