Buslaw TF

No oral contract is enforceable under the UCC.

False

The equal dignity rule requires the parties to a transaction to treat each other with equal dignity.

False

Under the UCC, "good faith" means devoutly religious

False

Under the UCC, the risk of loss normally passes when title passes.

False

Normally, all employees who deal with third parties are deemed to be agents.

True

The UCC imposes special business standards on merchants because of their relatively high degree of commercial expertise.

True

When an offeror does not specify a means of acceptance, acceptance can be made by any means of communication that is reasonable.

True

A principle owes an agent the duty of obedience.

False

A seller with void title can transfer good title to a good faith purchaser for value.

False

An agents must follow all clearly stated instructions of the principle, whether or not those instructions are lawful.

False

In a contract between merchants, additional terms in the parties' separate standard forms do not automatically become part of the contract.

True

A receipt issued by a warehouser for goods stored in a warehouse is a bill of lading.

True

An agent's actions must be strictly for the benefit of the principal.

True

Entrusting goods to a merchant who deals in goods of the kind gives the merchant power to transfer all rights to a buyer in the ordinary course of business.

True

If an agent contracts outside the scope of her authority, the principle cannot become liable.

True