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Andrew Mosbroker
2/14/18
Chapter Questions
Chapter 16
1. In terms of the number of contracts as well as the dollar volume, what kind of contract constitutes
the largest class of contracts in our economic system?
In terms of the number of contracts as well as the dollar volume, contracts for the sale of goods,
movable personal property, constitute the largest class of contracts in our economic system
2. Under what circumstances may a party to a sales contract that does not meet the requirements of
the UCC be unable to avoid the contract?
A sales contract that does not meet the requirements of the UCC is unenforceable. However, if
both parties; the buyer and the seller; choose to abide by its terms even if they are not legally bound to
do so, neither one can later avoid the contract. Both parties must honor the contract.
4a. What is the difference between a sale and a contract to sell?
A sale is a transfer of title to goods for a price, and a contract to sell is an agreement to transfer
title to goods for a price.
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