ohio university BUSL ch.16 mindtap
he offer, as now stated, select answer include a limitation to the terms of the offer. Stripes select answer contacted Barnes about the change in trucking companies. If Stripes had objected select answer
The offer, as now stated, did not include a limitation to the terms of the offer. Stripes could have contacted Barnes about the change in trucking companies. If Stripes had objected within a reasonable time
Which of the following qualifies as a "good" under Article 2 of the Uniform Commercial Code?
a commercial freezer unit
and because the parties specifically agreed on select answer , Stripes likely select answer breach the contract. Assessment question
and because the parties specifically agreed on Blue Express Truck Line , Stripes likely did breach the contract.
What characteristics must an item possess to be classified as a "good"? Choose 2 answers.
It must be tangible.&It must be moveable.
You have a small business supply store. You order fifty boxes of paper from Hammerhill Paper Supply and tell them you need the paper delivered within four days, and Hammerhill agrees to provide the paper within four days. Neither you nor Hammerhill mentions the price of the paper, though. How do you think the price of the paper will be determined if you get into a legal dispute with Hammerhill about it?
The court will determine a reasonable price at the time of delivery.
One potential problem with the acceptance is that it select answer . The law that governs this contract select answer require that the acceptance be the mirror image of the offer.
The law that governs this contract does not require that the acceptance be the mirror image of the offer.
How do parties determine which is the appropriate law for a mixed contract? Choose 2 answer choices.
The predominant-factor test dictates the proper choice of law. & Common law is appropriate for some mixed contracts.
The term added by Barnes in accepting the offer would be select answer term to the contract. Because the parties are select answer merchants, the additional terms select answer become part of the contract unless certain conditions exist. In the facts as given, the offer select answer limit acceptance to its terms.
The term added by Barnes in accepting the offer would be a conflicting term to the contract. Because the parties are both merchants, the additional terms automatically become part of the contract unless certain conditions exist. In the facts as given, the offer does not limit acceptance to its terms.
In what ways does Article 2 of the Uniform Commercial Code (UCC) differ from contract rules under the common law? Choose 3 answers.
Under the UCC, merchants have more flexibility in having open terms.&Under the UCC, the only required definite term is quantity of product being sold. Other terms such as price and delivery time can be left open.& Under the UCC, any manner of showing agreement to contract is accepted, but under the common law acceptance must mirror the offer.
What is the term for when a merchant gives a written, signed assurance that he or she will not revoke an offer for a stated period of time?
a firm offer
When does title to stolen goods transfer?
never
Under the Uniform Commercial Code (UCC), what is the only required term for a valid sales contract?
quantity of goods being sold
American Home Store, headquartered in San Diego, is getting ready for its Fourth of July sale. American orders $1,000 worth of American flags from Canadian Manufacturing, Inc., which is headquartered in Montreal, Canada. American places the order by telephone, and Canadian orally accepts. Two days later, American discovers that it can get the flags cheaper from a manufacturer in Denver. When American attempts to cancel the contract with Canadian, American finds that under the 1980 United Nations Convention on Contracts for the International Sale of Goods (CISG):
the contract is enforceable even though it is not in writing.
The default provision of the Uniform Commercial Code (UCC) is that, unless otherwise specified, title to goods being sold passes when:
the goods are physically delivered to the buyer
then the change in trucking companies select answer a part of the contract. Because Stripes did not object, the only argument that he has to use On-Demand Truck Lines is that the change in the contract is select answer change.
then the change in trucking companies would not have been a part of the contract. Because Stripes did not object, the only argument that he has to use On-Demand Truck Lines is that the change in the contract is a material change.
Under the Uniform Commercial Code (UCC), risk of loss passes to the buyer:
whenever the contract designates it to pass.
would be the trucking company for the contract. If this is the case, then select answer would be the likely breaching party.
would be the trucking company for the contract. If this is the case, then Barnes would be the likely breaching party.
Which section of the Uniform Commercial Code (UCC) applies to contracts for sales of goods?
Article 2
The Uniform Commercial Code applies to what types of contract?
Contracts for goods over $500
From the information given, it select answer that there were open terms in the offer. Barnes's acceptance of the offer was made in select answer manner, indicating that it select answer a valid acceptance.
From the information given, it does not appear that there were open terms in the offer. Barnes's acceptance of the offer was made in a reasonable manner, indicating that it is a valid acceptance.
In what situations does the UCC overrule common law?
The UCC applies to contracts that sell goods.
Several factors may influence the court in making this decision, including unreasonable select answer for Stripes. If the change in price and delivery location for Stripes is determined to be select answer , then select answer
Several factors may influence the court in making this decision, including unreasonable hardship for Stripes. If the change in price and delivery location for Stripes is determined to be an unreasonable hardship , then On-Demand Truck Line
Stripes select answer object to the new or changed term within a reasonable time. Under normal circumstances, the change from one national trucking company to another national trucking company select answer be a material change to the contract. Given these facts, the parties likely agreed upon select answer as the trucking company for the contract. Stripes used select answer
Stripes did not object to the new or changed term within a reasonable time. Under normal circumstances, the change from one national trucking company to another national trucking company would not be a material change to the contract. Given these facts, the parties likely agreed upon Blue Express Truck Line as the trucking company for the contract. Stripes used On-Demand Truck Line
Tanya is in the business of selling rubber mats. Ralph is in the business of selling real estate. Logan is in the business of selling stocks and bonds. Article 2 of the U.C.C. governs the sale of the items sold by:
Tanya only.
How does the 1980 United Nations Convention on Contracts for the International Sale of Goods (CISG) differ from the Uniform Commercial Code (UCC)? Choose 3 answers.
The CISG is stricter on requiring mirror image acceptances. & The CISG does not apply to consumer sales. & Under the UCC, an irrevocable offer must be in writing, but under the CISG it can be oral.
Dakotah is the cheerleading coach for Northfield High School. Dakotah places an order by telephone with Cheerleader Supply Inc. for thirty cheerleader uniforms. Each uniform is to be emblazoned with the Northfield High emblem and a cheerleader's name. The total cost of the uniforms is $900. Two weeks after placing the order, Dakotah realizes she ordered the wrong style of uniform, so she contacts Cheerleader Supply and attempts to cancel the order. Cheerleader Supply at this time is almost through completing the work on the order. Cheerleader Supply:
can enforce the contract, even though it is not in writing, because it is for specially manufactured goods.