Question 180 out of 1 pointsIf a contract does not provide for a time for inspection, the UCC allows inspection:Selected Answer:within 3 days of delivery.Question 191 out of 1 pointsIn a "mixed contract," one involving a sale of both goods and services, thecourt will:SelectedAnswer:first determine the dominant purpose of the contract. If the sale of goods dominates the contract, then the court will apply the law of the UCC, Article 2. If the sale of services dominates the contract, the court will apply the common law.Question 201 out of 1 pointsMany states prohibit a seller from disclaiming implied warranties in the sale of consumer goods.Selected Answer:TrueQuestion 211 out of 1 pointsMegan agrees to sell Nancy her Rolex watch but they do not specify a price. In such a case, the court would not enforce the agreement because all of the essential terms are not present.Selected Answer:FalseQuestion 220 out of 1 pointsNewt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally betweenseller and buyer." The parties:Selected Answer:[None Given]Question 230 out of 1 pointsPrecision had a contract to supply Higgins, Co. with 500 medical instruments for delivery in three months. Several weeks later Higgins reads in the Wall Street Journalthat Precision has been sued for selling defective instruments. Higgins could:
WorkfileContents.docxSelected Answer:declare the contract is breached.Question 241 out of 1 pointsSpicy & Hot, Inc. is interested in expanding its Mexican food restaurant into a Mexican food catering business. Spicy & Hot, Inc. buys a new delivery van from Van World. Spicy & Hot, Inc. is a buyer in the ordinary course of business when purchasing the van.Selected Answer:TrueQuestion 251 out of 1 pointsThe UCC is federal legislation enacted by Congress.Selected Answer:FalseQuestion 261 out of 1 pointsThe stated purpose(s) of Article 2 of the UCC is/are:Selected Answer:All of the above are correct.Question 271 out of 1 pointsTo simplify, clarify, and modernize the law governing commercial transactions, the UCC permits the use of "open terms" in sales contracts. In the use of "open terms," which of the following is true?Selected Answer:All of the above aretrue.Question 280 out of 1 pointsTu-thumbs buys a used paint sprayer from the local paint store. The sprayer had a large sign on it which said "AS IS." The dealer made no promises or statements concerning the performance of the paint sprayer. When Tu-thumbs attempts to spray paint his house, the trigger on the sprayer sticks in the "on" position and before Tu-thumbs can pull the electrical cord to cut the power, paint is sprayed all over his prize Borzoi dog that is scheduled to be shown in a dog show the next day. Tu-thumbs sues the dealership. Who wins?
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- Spring '14