Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Chapter 15
Test Description: Questions from Chapter 15 Packet
Instructions: Answer all questions to get your test result.
1) 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
True
B
False
2) When parties exchange goods for goods, the sale is a barter
A
False
B
True
3) The Uniform Commercial Code governs sales of goods and contracts to sell goods in the future
A
True
B
False
4) By UCC definition, all money and tangible (touchable), movable, personal property are goods.
A
False
B
True
5) The bill of sale is absolute proof of ownership
A
True
B
False
6) Contracts of adhesion are more likely to be unconscionable
A
True
B
False
7) When ownership transfers from one party to another, so do benefits and burdens.
A
True
B
False
8) Consideration for a sale or contract to sell goods may be expressed in
A
services
B
barter
C
price
D
all of these
9) According to the UCC, goods do not include,
A
books and clothing
B
dogs
C
all of these
D
patents and copyrights
10) 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
11) When payment for goods takes place at a later date, the transfer of title takes place when
A
the final payment is made
B
the buyer selects and agrees to buy the goods in the seller's store
C
delivery is made
D
the goods are accepted by the buyer
12) Unconscionable contracts are
A
unethical
B
criminal in nature
C
null and void
D
all of these
13) Ownership of goods does not exempt one from
A
liability from resulting torts for improper care
B
limited freedom of use by governmental regulations
C
taxes
D
all of these
14) What usually governs the sales of goods
A
statute of frauds
B
Uniform Commercial Code
C
Bill of Sale
D
none of these
15) According to Uniform Commercial Code definition, which of the following would not be considered a good
A
articles of clothing
B
money
C
rare, collectible coins
D
none of these
16) Lewis manufactures hand-made wooden baby chairs, while Doyle manufactures small wooden children's desks. The two enter into an agreement in which they exchange goods for goods. This type of sale is known as a(n)
A
barter
B
sale
C
goods
D
unconscionable
17) Roger offers to sell three of his full-bred dachshunds for $200 a piece to his neighbor, Bob. Bob gives Roger $600 and ownership of these dogs is immediately transferred to Bob. This contract or transaction is known as a(n)
A
unconscionable
B
sale
C
goods
D
barter
18) Movable , touchable, personal property such as a file cabinet, desk, or carpet is known as a(n)
A
sale
B
unconscionable
C
goods
D
barter
19) A contract or clause within a contract that is grossly unfair and oppressive is said to be
A
sale
B
unconscionable
C
barter
D
goods
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?