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 ...






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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 n...






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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 warehous...






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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...






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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...