Question 1

Clean Mouth Clinic offers to buy from Dental Supplies Company a certain quantity of floss and other items for a certain price. Dental can accept the offer by

Accepted Answer

A)   ​a material alteration of the terms within a reasonable time.
B)   ​a promise to ship or a prompt shipment of the goods.
C)   ​a prompt shipment of the goods only.
D)   ​a shipment of nonconforming goods with a notice of accommodation.E) A) and B)
F) None of the above

Question 2

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

Accepted Answer

A)   ​all buyers and sellers.
B)   ​Medico and New Hospital only.
C)   ​New Hospital and Physicians Clinic only.
D)   ​Physicians Clinic and Oscar only.E) B) and D)
F) A) and C)

Question 3

Marine Expeditions, Inc., pays Nate's Boats $4,000 to use an oceangoing vessel for a month. For the purposes of the UCC, this is

Accepted Answer

A)   ​a merchant's firm offer.
B)   ​an option contract.
C)   ​a lease.
D)   ​a sale.E) C) and D)
F) A) and D)

Question 4

The UCC imposes some different rules on merchants.

Accepted Answer

A) True 
 B)False

Question 5

A merchant is a person who deals in goods of the kind involved in the sales contract or who holds herself or himself out as having skill or knowledge peculiar to the practices or goods being purchased or sold.

Accepted Answer

A) True 
 B)False

Question 6

When no delivery terms are specified in a contract for a sale of goods, there is no basis for determining a remedy.

Accepted Answer

A) True 
 B)False

Question 7

Under the UCC, an offeree can accept an offer to buy goods by a prompt shipment of conforming goods.

Accepted Answer

A) True 
 B)False

Question 8

Fact Pattern 20-1
Farmers Produce, Inc., and Growers Market enter into a contract for the delivery of locally grown fruits and vegetables. The parties use a standard Farmers Produce form that contains some of the terms the parties agree on but not others. Some of the produce spoils before it can be cooked, served, and eaten, or sold. Growers Market refuses to pay for the spoiled goods.
-Refer to Fact Pattern 20-1. Farmers Produce files a suit against Growers Market, claiming that the buyer assumed the risk of the spoilage of the unsold goods. The court may allow evidence of this term if it finds that the parties' contract is

Accepted Answer

A)   ​fully integrated.
B)   ​not fully integrated.
C)   ​none of the choices.
D)   ​a complete and final statement of their agreement.E) A) and B)
F) None of the above

Question 9

Generally, acceptance of an offer to lease goods may be made in any reasonable manner and by any reasonable means.

Accepted Answer

A) True 
 B)False

Question 10

A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.

Accepted Answer

A) True 
 B)False

Question 11

Clean Machines Company makes washing machines. Over the phone, Clean offers to sell Dealers Appliance Outlet one hundred model EZ2000 washers at a price of $150 per unit. Clean says that it will keep the offer open for ninety days. Dealers responds that within two or three weeks it will decide whether to accept. One week later, Clean faxes, and Dealer receives, notice that the offer is withdrawn. Dealer immediately phones Clean to accept the $150-per-unit offer. When Clean refuses to deliver at that price, Dealer files a suit. Clean asserts, first, that there is no contract and, second, that if there is a contract, it is unenforceable. Discuss Clean's assertions.

Accepted Answer

Clean's contention that there is no cont...

Question 12

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.

Accepted Answer

A) True 
 B)False

Exam 20: The Formation of Sales and Lease Contracts

Correct Answer
verified

Clean Mouth Clinic offers to buy from Dental Supplies Company a certain quantity of floss and other items for a certain price. Dental can accept the offer by

Correct Answer
verified

Under the UCC, an offeree can accept an offer to buy goods by a prompt shipment of conforming goods.

Correct Answer
verified

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

Correct Answer
verified

Generally, acceptance of an offer to lease goods may be made in any reasonable manner and by any reasonable means.

Correct Answer
verified

Marine Expeditions, Inc., pays Nate's Boats $4,000 to use an oceangoing vessel for a month. For the purposes of the UCC, this is

Correct Answer
verified

The UCC imposes some different rules on merchants.

Correct Answer
verified

A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.

Correct Answer
verified

A merchant is a person who deals in goods of the kind involved in the sales contract or who holds herself or himself out as having skill or knowledge peculiar to the practices or goods being purchased or sold.

Correct Answer
verified

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.

Correct Answer
verified

Correct Answer
verified
Clean's contention that there is no cont...
View Answer

When no delivery terms are specified in a contract for a sale of goods, there is no basis for determining a remedy.

Correct Answer
verified

Exam 20: The Formation of Sales and Lease Contracts

Correct AnswerverifiedShow Answer

Clean Mouth Clinic offers to buy from Dental Supplies Company a certain quantity of floss and other items for a certain price. Dental can accept the offer by

Correct AnswerverifiedShow Answer

Under the UCC, an offeree can accept an offer to buy goods by a prompt shipment of conforming goods.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Generally, acceptance of an offer to lease goods may be made in any reasonable manner and by any reasonable means.

Correct AnswerverifiedShow Answer

Marine Expeditions, Inc., pays Nate's Boats $4,000 to use an oceangoing vessel for a month. For the purposes of the UCC, this is

Correct AnswerverifiedShow Answer

The UCC imposes some different rules on merchants.

Correct AnswerverifiedShow Answer

A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.

Correct AnswerverifiedShow Answer

A merchant is a person who deals in goods of the kind involved in the sales contract or who holds herself or himself out as having skill or knowledge peculiar to the practices or goods being purchased or sold.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedClean's contention that there is no cont...View AnswerShow Answer

When no delivery terms are specified in a contract for a sale of goods, there is no basis for determining a remedy.

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Clean's contention that there is no cont...
View Answer

Correct Answer
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