Sales MCQs

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Under the Sales Article of the UCC, when a written offer has been made without specifying a means of acceptance but providing that the offer will on...






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Under the Sales Article of the UCC, a firm offer will be created only if the






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On May 2, Mason orally contracted with Acme Appliances to buy for $480 a washer and dryer for household use. Mason and the Acme salesperson agreed t...






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Under the Sales Article of the UCC, which of the following statements is correct?






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Which of the following contracts is handled under common law rules rather than under Article 2 of the Uniform Commercial Code?






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Cookie Co. offered to sell Distrib Markets 20,000 pounds of cookies at $1.00 per pound, subject to certain specified terms for delivery. Distrib rep...






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EG Door Co., a manufacturer of custom exterior doors, verbally contracted with Art Contractors to design and build a $2,000 custom door for a house ...






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On May 2, Handy Hardware sent Ram Industries a signed purchase order that stated, in part, as follows: Ship for May 8 delivery 300 Model A-X socket ...






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Under the UCC Sales Article, which of the following conditions will prevent the formation of an enforceable sale of goods contract?






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Webstar Corp. orally agreed to sell Northco, Inc. a computer for $20,000. Northco sent a signed purchase order to Webstar confirming the agreement. ...






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Patch, a frequent shopper at Soon-Shop Stores, received a rain check for an advertised sale item after Soon-Shop’s supply of the product ran out. ...






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A sheep rancher agreed in writing to sell all the wool shorn during the shearing season to a weaver. The contract failed to establish the price and ...






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Under the Sales Article of the UCC, the warranty of title






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Under the Sales Article of the UCC, most goods sold by merchants are covered by certain warranties. An example of an express warranty would be a war...






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Under the Sales Article of the UCC, which of the following statements is correct regarding the warranty of merchantability arising when there has be...






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On May 2, Handy Hardware sent Ram Industries a signed purchase order that stated, in part, as follows: Ship for May 8 delivery 300 Model A-X socket ...






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Under the UCC Sales Article, an action for breach of the implied warranty of merchantability by a party who sustains personal injuries may be succes...






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Which of the following conditions must be met for an implied warranty of fitness for a particular purpose to arise in connection with a sale of good...






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Under the UCC Sales Article, the implied warranty of merchantability






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Cook Company, a common carrier trucking company, made a contract to transport some video equipment for Jackson Company. Cook is trying to limit its ...






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High sues the manufacturer, wholesaler, and retailer for bodily injuries caused by a power saw High purchased. Which of the following statements is ...






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To establish a cause of action based on strict liability in tort for personal injuries that result from the use of a defective product, one of the e...






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A common carrier bailee generally would avoid liability for loss of goods entrusted to its care if the goods are






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McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds. In the meantime, McG...






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Yancie took her bike in to Pete’s Bike Sales and Repair to have it repaired. Pete said he would need to have her leave it for two days. The next d...






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Under the Sales Article of the UCC, unless a contract provides otherwise, before title to goods can pass from a seller to a buyer, the goods must be...






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Under the Sales Article of the UCC, in an FOB place of shipment contract, the risk of loss passes to the buyer when the goods






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On May 2, Lace Corp., an appliance wholesaler, offered to sell appliances worth $3,000 to Parco, Inc., a household appliances retailer. The offer wa...






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Under the Sales Article of the UCC and the United Nations Convention for the International Sale of Goods (CISG), absent specific terms in an interna...






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Which of the following statements applies to a sale on approval under the UCC Sales Article?






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Cey Corp. entered into a contract to sell parts to Deck, Ltd. The contract provided that the goods would be shipped “FOB Cey’s warehouse.” Cey...






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Under the Sales Article of the UCC, which of the following factors is most important in determining who bears the risk of loss in a sale of goods co...






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Bond purchased a painting from Wool, who is not in the business of selling art. Wool tendered delivery of the painting after receiving payment in fu...






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Funston, a retailer, shipped goods worth $600 to a customer by using a common carrier. The contract used by the common carrier, and agreed to by Fun...






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Under the Sales Article of the UCC, which of the following statements regarding liquidated damages is (are) correct? I. The injured party may collec...






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Under the Sales Article of the UCC, and unless otherwise agreed to, the seller’s obligation to the buyer is to






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Lazur Corp. entered into a contract with Baker Suppliers, Inc. to purchase a used word processor from Baker. Lazur is engaged in the business of sel...






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On February 15, Mazur Corp. contracted to sell 1,000 bushels of wheat to Good Bread, Inc. at $6.00 per bushel with delivery to be made on June 23. O...






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Pickens agreed to sell Crocket 100 cases of napkins with the name of Crocket’s restaurant on the napkins. In the enforceable contract, it was spec...






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Larch Corp. manufactured and sold Oak a stove. The sale documents included a disclaimer of warranty for personal injury. The stove was defective. It...






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Under the Sales Article of the UCC, which of the following events will release the buyer from all its obligations under a sales contract?






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Rowe Corp. purchased goods from Stair Co. that were shipped COD. Under the Sales Article of the UCC, which of the following rights does Rowe have?






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Under the UCC Sales Article, a plaintiff who proves fraud in the formation of a contract may






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Sklar, CPA, purchased from Wiz Corp. two computers. Sklar discovered material defects in the computers ten months after taking delivery. Three years...