Bus 263 Test 3

Dian, an agent for Expo Motors, Inc., writes a letter to Flynn on November 1 stating that she will sell him a 2017 Subaru Outback for 25,000 between November 1 and December 31. Dian's letter to Flynn is

A merchants firm offer

Lee pays mobile electronics $600 for a new phone. Under the UCC, this is

A sale

Paramount bookstores buys fifty cases of an assortment of books from quixote publishing with the right to return the unsold books in lieu of payment. This is

A sale or return

Red Bev LLC contracts to buy two tons of strawberries from Sweet Fruits, Inc. The contract states that sweet fruits is required to ship the strawberries to Red Bev by truck transport inc. the contract is

A shipment contract

Regional Freight LLC delivers a receipt issued by storage warehouse for goods stored in its facility to transnational Inc., a buyer of the goods. This is

A warehouse receipt

Refined metals company and superior fabrication, Inc., enter into a contract under which refined agrees to deliver a certain quantity of sheet metal to superior each month. The contract does not include a price term. In a suit between the parties over the price, a court will

Determine a reasonable price

The patent

Ed sells his car to Fran for $5,000, his bike to Gwen for $600, his game player to holly for $200, and three shares of stock to Inez for $100. Article 2 of the UCC does not apply to the sale of

Excluded from article 2 of the UCC is

Goods, insurance policies, tort claims, sales of real property, contract for services, trademarks, patents.

Ferris is refinishing his kitchen floor and needs a floor sander to complete the job. Ferris's neighbor Gerda suggests that he call Home Repair Rentals, Inc. Home Repair leases Ferris a floor sander. In this transaction, the lessor is

Home repair

In a dispute over a sale involving a skateboard, Greg argues that as to this deal Hobby Shop, where Greg bought the board, is a merchant. A court may determine whether the shop is a merchant by assessing whether

It holds itself out by occupation as having knowledge and skill unique to the skateboard in the transaction.

In a sale of oranges from citrus grove farms to juice factory inc. to be delivered after the harvest, a fire destroys the fruit before it is picked. Under the UCC, the rights and liabilities of Citrus and Juice in this circumstance are generally determined by

The concepts of identification and risks of loss

Jack sells a grand piano to Kyle for $5,000 and a gold ring to Lauren for $999. A writing is required to enforce the sale of

The piano and the gold ring

Bert's Bagels, Inc., and other bakeries refer to a "baker's dozen" as consisting of a collection of thirteen baked good. This is an example of

Usage of trade

Article 2 of the UCC governs

contracts for the sale of goods