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1.
(p. 475)
Federal law is the primary method by which to interpret sales contracts.
2.
(p. 476)
The UCC pertains to all business transactions.
3.
(p. 481)
The National Conference of Commissioners on Uniform State Laws adopted the Uniform
Internet Act to answer questions involving issues involving Internet sales.
4.
(p. 481-483)
A consumer lease is the same thing as a finance lease.
5.
(p. 483)
Contracts for the sale or lease of goods may be formed even though some terms of the
contract or lease are left open.
6.
(p. 484)
The UCC requires that consideration be provided for the modification of sales and lease
contracts.
7.
(p. 484)
The mirror-image rule has been adopted by the UCC.
8.
(p. 486)
The parol evidence rule aims to protect sales or lease contracts that the parties intend to
be the final expression of their agreement.
9.
(p. 486)
The UCC recognizes the concept of unconscionability.
10.
(p. 475)
Land and service contracts are governed by common law, not the UCC.
11.
(p. 477)
Which of the following was the result in
Eureka Water Company v. Nestle Waters North
America Inc.
, the case in the text involving whether a trade name is considered a good or
nongood?
12.
(p. 485)
What did the court in
Reilly Foam Corp. v. Rubbermaid Corp.
rule in regard to whether a
quote is considered an offer under the UCC?
13.
(p. 488)
Which of the following is false regarding the United Nations Convention on Contracts for
the International Sale of Goods ("CISG")?
14.
(p. 475)
Which of the following is true regarding the sources of laws that interpret sales
contracts?
15.
(p. 475)
All states, except Louisiana, follow the ______ common law.
16.
(p. 475)
The UCC was created in ____.
17.
(p. 475)
How many states have failed to adopt any portions of the UCC?
18.
(p. 475)
The UCC is divided into sections known as ______.
19.
(p. 476)
Which of the following articles of the UCC governs sales contracts?
20.
(p. 476)
Which of the following articles of the UCC governs lease contracts?
21.
(p. 476)
When Article 2 is silent on an issue of sales contract formation or interpretation and there
is no state statutory law in place on that matter, _____.
22.
(p. 477)
Under Article 2 of the UCC which of the following consists of the passing of title from the
seller to the buyer for a price?
23.
(p. 477)
Under Article 2 of the UCC which of the following is defined as tangible things which are
movable at the time of identification to the contract for sale?
24.
(p. 477)
Under the UCC, items are _____ if they exist physically.
25.
(p. 478)
Which of the following is true regarding what meets the UCC definition of a good?
26.
(p. 478)
Which of the following is true regarding material considered goods under the UCC?
27.
(p. 478)
A contract that combines a good with a service is a ______ sale.
28.
(p. 478)
To resolve contract issues in cases in which a tangible good is mixed with something
intangible, most states employ some variation of the ______.
29.
(p. 479)
Which of the following was the result in the case in the text,
Novamedix
Limited v. NDM
Acquisition Corporation and Vesta Healthcare Inc.,
in which the plaintiff claimed that a
settlement agreement was a contract for the sale of goods breached by the defendant because a
type of medical slipper involved in the settlement agreement could not be resold?
