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1.
(p. 515)
Conforming goods are goods that conform to UCC specifications.
2.
(p. 517)
Under the UCC when a buyer alleges that goods failed to conform to contract
specifications, the buyer does not automatically have the right to reject the goods.
3.
(p. 517)
Sometimes language in the parties' agreement limits the rigidity of the perfect tender
rule.
4.
(p. 520)
Under the UCC, buyers and lessees are obligated to accept and pay for conforming goods
in accordance with the contract.
5.
(p. 517)
Course of dealing is another term for course of performance.
6.
(p. 517)
The right to cure refers to the right to fix errors in a contractual agreement, such as
typographical errors.
7.
(p. 518)
If goods identified to a contract are destroyed through no fault of the parties before the
risk of loss passes to the buyer, the seller must obtain substitute goods.
8.
(p. 520)
A buyer who has accepted goods may later revoke the acceptance if the buyer can show
that the defects substantially impair the value of the goods.
9.
(p. 520)
Under the UCC, nondelivery is not a breach of contract in circumstances in which
performance has been made impracticable because a contingency has occurred that was not
contemplated when the parties reached an agreement.
10.
(p. 516)
There are no exceptions to the perfect tender rule.
11.
(p. 515)
Which of the following was the result on appeal in
Donovan v. RRL Corporation
, the case
in the text in which the plaintiff attempted to enforce a price for an automobile contained in an
ad, and the defendant car dealership claimed that a mistake was involved?
12.
(p. 521)
Which of the following is true regarding similarities between American and European
contract law?
13.
(p. 514)
The UCC requires that buyers are obligated to accept and pay for ______ in accordance
with the contract.
14.
(p. 514)
Good faith in relation to transactions between parties who are not merchants means
____.
15.
(p. 514)
When parties are merchants, UCC requires ______ in addition to honesty in fact.
16.
(p. 514)
The term "reasonable commercial standards of fair dealing" is often called ____.
17.
(p. 515)
The UCC requires that sellers and lessors tender ______ goods to the buyer or lessee.
18.
(p. 515)
Which of the following are goods that conform to contract specifications?
19.
(p. 515)
Under the UCC, _____ requires that the seller/lessor have and hold conforming goods at
the disposal of the buyer/lessee and give the buyer/lessee reasonable notification to enable him
or her to take delivery.
20.
(p. 516)
What was the result on appeal in the case in the text
Alaska Pacific Trading Co. v. Eagon
Forest Products Inc.
in which the defendant rejected a shipment of logs, and the plaintiff/seller
claimed that its late shipment was excused because the contract did not specify that time was of
the essence?
21.
(p. 515)
A common law rule known as the ______ required that the seller deliver goods in
conformity with the terms of the contract, down to the last detail.
22.
(p. 515)
How does the position of the UCC compare with the common law in regard to the perfect
tender rule?
23.
(p. 517)
Which of the following is true regarding the UCC and norms in the industry?
24.
(p. 517)
Which of the following is defined by the UCC as any practice that members of an industry
expect to be part of their dealings?
25.
(p. 517)
The UCC defines _____ as previous commercial transactions between the same parties.
26.
(p. 517)
Under the UCC which of the following refers to the history of dealings between the
parties in the particular contract at issue?
27.
(p. 517)
Which of the following states that when a contract for sale involves repeated occasions
for performance by either party with the other's knowledge of the nature of the performance and
opportunity for objection to it, any course of performance accepted or acquiesced to without
objection is relevant to determine what the parties' agreement means?
