Chapter 15 Packet: Question Preview (ID: 21972)

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A contract in which ownership of(title to) goods transfers immediately from the seller to the buyer for a price is a contract to sell.
a) false b) true c) d)
When parties exchange goods for goods, the sale is a barter
a) True b) False c) d)
By the UCC definition, all money and tangible(touchable), movable, personal property are goods.
a) False b) True c) d)
Contracts of adhesion are more likely to be unconscionable
a) True b) False c) d)
When ownership transfers from one party to another, so do benefits and burdens
a) True b) False c) d)
Consideration for a sale or contract to sell goods may be expressed in
a) barter b) price c) services d) all of these
According to the UCC, goods do not include
a) patents and copyrights b) books and clothing c) dogs d) all of these
Acceptance of goods occurs when
a) all of these b) the goods are used or resold c) the buyer has agreed by words or conduct that the goods received are satisfactory d) the buyer fails to reject the goods within a reasonable length of time
When payment for goods takes place at a later date, the transfer of title takes place when
a) the buyer selects and agrees to buy the goods in the seller's store b) the goods are accepted by the buyer c) delivery is made d) the final payment is made
Unconscionable contracts are
a) unethical b) criminal in nature c) null and void d) all of these
Ownership of goods does not exempt one from
a) all of these b) liability from resulting torts for improper care c) limited freedom of use by governmental regulations d) taxes
What usually governs the sales of goods?
a) statute of frauds b) Uniform Commercial Code c) Bill of Sale d) none of these
After Shawn purchases a fridge the appliance store provides Shawn with written evidence of the transfer of the refrigerator from the appliance store to her. This receipt is known as a(n)
a) bill of sale b) sales contract c) agreement of sale d) none of these
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