Quiz ch 20
Rice River Farms, who only produce Grade A quality rice, offers to sell Sensei Sushi Resturants, Inc., five hundred bushels of rice. Sensei responds, "We agree to buy five hundred bushels only if the rice is Grade A quality." this statement is
A counteroffer
Manufacturing Corporation orders twelve safety videos from Productions, Inc., which delivers the video. This is most likely
A sale of goods
Medico Inc. enters into a contract to sell medical supplies to New Hospital Corporation, which sells some of the items to Physicians Clinic, which later sells them to Oscar, a patient and consumer. Article 2 of the UCC applies to the sales transactions between
All buyers and sellers
According to the UCC, one open term will cause a sales contract to fail for indefiniteness
False
Intangible property has conceptual existence and thus comes under Article 2
False
Global Outfitters Outlet and Holly, a consumer, enter into a contract for a sale of camping gear. If the contract includes a clause that is perceived as grossly unfair to Holly, its enforcement may be challenged under
The doctrine of unconscionability
Fresh Dairy, Inc., is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in which Hector's Helado Corporation is also interested. Fresh Dairy is not notified of Gelato's Performance wirhin a reasonable time. Fresh Dairy
May treat the offer as having lapsed
Josefina owns a condominium that she leases to Katrina. Josefina gives her daughter Lucia $450 on her sixteenth birthday. Josefina sells her car to her neighbor Maria for $1,500. UCC Article 2 covers
The sale to Maria
The UCC views the entire "commercial transaction for the sale of and payment for goods" as a single legal occurrence
True
UCC Article 2 applies to sales transactions between all buyers and sellers
True
Under the "partial performance" exception to the UCC, an oral contract for goods worth more than $500 is enforceable if the goods are designed to partially perform a specific function
True