EXAMEN 3 - 1 QUESTION 1 In which of the following situations is the seller a merchant under Article 2 of the UCC a Paul a full-time college student

EXAMEN 3 - 1 QUESTION 1 In which of the following...

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QUESTION 1 1. In which of the following situations is the seller a merchant under Article 2 of the UCC? a . Paul, a full-time college student, sold his textbooks to State Bookstore. b . Zompa Inc., a toy manufacturer, contracted to sell dolls to TonTon Department Store. c . Mabel, a stay-at-home mom, sold her car to her friend Gloria. d . Randall, a part-time college student and full-time father, sold his textbooks to a friend. 1 points QUESTION 2 1. Which of the following would be considered a merchant under the UCC? a . A man who owns a jewelry store sells his used car to a neighbor. b . A gun dealer sells a rifle to someone who enters his shop. c . All of these are correct. d . A woman sells her pistol to someone responding to a classified ad. 1 points QUESTION 3 1. In which of the following cases is the predominant purpose the sale of goods? a . Thomas purchases a membership to a health club; his membership entitles him to a free bottle of water with every visit. b . Anderson makes an appointment with his stockbroker to purchase 100 shares of Microsoft stock. c . Millicent purchases ten bags of gravel from a landscaping company; an employee carries them to her truck and loads them for her. d . Juanita goes to her dentist to have a cavity filled; while there, she buys a tube of whitening toothpaste the dentist sells at the front desk. 1 points QUESTION 4 1. Which of the following contracts requires a writing under the UCC, Article 2? a . Tobias Department Store contracted to sell Jenny a $400 doll. b . Jeremy, a full-time student, sold his snow blower to a friend for $450. c . Kayla, a full-time student, purchased a used computer from Office Plus for $300. d . A toy manufacturer contracted to sell dolls valued at $10,000 to a department store. 1 points QUESTION 5 1. Which of the following is TRUE regarding an open price term? a . The price is set by the buyer.
b . The price is the "reasonable" price at the time of delivery. c . The price may be fixed by the seller. d . It makes the contract unenforceable. 1 points QUESTION 6 1. A requirements contract is a contract a . in which the buyer purchases all of the goods that the seller produces.

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