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1.
(p. 496)
Good faith is generally relevant in determining whether someone with a void title can
pass a good title.
2.
(p. 496-497)
The rule originates in common law that when a seller transfers goods to a buyer,
the buyer gets only voidable title if the buyer is a minor.
3.
(p. 504)
If a shipment contract is vague or ambiguous on the issue, an origin contract will be
presumed.
4.
(p. 498)
If an owner entrusts the possession of goods to a merchant who deals in goods of that
kind, the merchant has no authority to transfer any rights in the goods to a buyer in the ordinary
course of business.
5.
(p. 498)
Delivering a car to a merchant for repair cannot qualify as an entrustment.
6.
(p. 499)
Identification of when the risk of loss attaches is important in regards to the right of
indemnification.
7.
(p. 499)
An insurable interest is the right to insure the goods against any risk exposure such as
damage or destruction.
8.
(p. 500)
Tender of delivery is the moment goods are picked up by the buyer.
9.
(p. 502)
If a buyer and seller execute a contract and the seller subsequently places the goods with
a common carrier for delivery to the buyer, the parties have executed a common-carrier delivery
contract.
10.
(p. 502)
FOB and FAS are different terms with the same meaning.
11.
(p. 507)
Which of the following was the result in the Case Opener involving whether title had
passed to the entity that received shipment although shipment was made to the wrong party
thereby preventing a lawsuit by the assignee of the original owner against the shipping
company?
12.
(p. 497)
Which of the following was the result in
Landshire Food Service Inc., v. Coghill
, the case
in the text in which the defendant, Coghill, sold his Rolls Royce to Bellman in return for a forged
cashier's check and an innocent purchaser for value, Hyken, meanwhile purchased the car from
Bellman before the fraud was discovered?
13.
(p. 494)
The UCC defines a[n] _____ as the passing of title from the seller to the buyer for a price.
14.
(p. 494)
Which of the following is title that is acquired from someone who already owns the goods
free and clear?
15.
(p. 494)
Which of the following is held when someone unknowingly purchases stolen goods?
16.
(p. 496)
Which of the following types of title does a good-faith buyer hold when the seller
transfers a void title?
17.
(p. 497)
What happens when a buyer with a voidable title sells the goods to a third-party
purchaser who makes a good-faith purchase for value?
18.
(p. 498)
Which of the following is true if an owner entrusts the possession of goods to a merchant
who deals in goods of that kind?
19.
(p. 499)
Which of the following is the right to insure goods against any risk exposure such as
damage or destruction?
20.
(p. 500)
Which of the following occurs when the purchased goods are transferred to the buyer
from the seller at either the time of the sale or some time later by the seller's delivery?
21.
(p. 500)
Which of the following occurs when goods are delivered to a buyer via a common carrier,
such as a trucking line?
22.
(p. 500)
Which of the following occurs when purchased goods are in some kind of storage under
the control of a third party, such as a warehouseman?
23.
(p. 500)
Which of the following occurs when the sale itself is contingent on approval?
24.
(p. 500)
With a simple delivery contract, when does title transfer to the buyer?
25.
(p. 500)
With a simple delivery contract involving a merchant, when does risk of loss transfer to
the buyer?
26.
(p. 500)
With a simple delivery contract, when is an insurable interest in the buyer created?
