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27.
(p. 535)
Under UCC 2A-525(2) when may a lessor reclaim goods when a lessee in possession of
the goods is in breach?
28.
(p. 535)
Which of the following is the right of a buyer and lessee to substitute goods for those due
under a sales or lease agreement?
29.
(p. 537)
Assuming proper proof, which of the following represents damages a buyer or lessee may
recover in the event of a breach?
30.
(p. 537)
Which of the following includes lost profits so long as those damages are not too
speculative?
31.
(p. 537)
Under the UCC buyers and lessees may recover goods identified in the contract if the
seller or lessor becomes insolvent within ______ after receiving the first payment due under the
agreement.
32.
(p. 537)
Which of the following usually requires that the seller or lessor deliver the particular
goods identified in the contract?
33.
(p. 537)
Which of the following is true regarding when the UCC allows buyers and lessees to seek
the remedy of specific performance?
34.
(p. 539)
Which of the following may a buyer/lessee do when the seller/lessor delivers
nonconforming goods?
35.
(p. 539)
Which of the following is true regarding revocation of accepted nonconforming goods?
nonconformity was not cured within a reasonable amount of time.
36.
(p. 534)
Which of the following is the preferred remedy for nonbreaching sellers when buyers fail
to pay and pick up goods?
37.
(p. 539)
Which of the following is true regarding buyers or lessees who want to accept
nonconforming goods and then seek monetary damages?
38.
(p. 540)
Which of the following provide remedies to buyers of defective cars?
39.
(p. 542)
Regarding the "Case Opener," what did the court rule regarding the liability of Abbott
Industries following its supply of 1.2 million tubes of bad eye medication to Altana, a customer,
for resale?
40.
(p. 540)
Which of the following is true of lemon laws in Canada?
41.
(p. 534)
Sam, who owned an appliance store, contracted with Sharon to supply all the new
equipment for Sharon's new restaurant. Sharon wanted all the equipment by October 15th so that
she could get the restaurant started and obtain holiday business. Sam and Sharon entered into
an agreement by which Sharon would pay Sam $300 per day for every day he was late in
providing the appliances. Which of the following is true regarding the section of the agreement
involving the late charges?
42.
(p. 540)
Under which of the following circumstances will a court refuse to uphold modifications or
limitations to remedies agreed upon by the parties?
43.
(p. 540-541)
What does the UCC provide regarding a limitation on consequential damages
allowing for repair, replace, or refund in the event of equipment malfunction?
44.
(p. 540-541)
What does the UCC say regarding a limitation of consequential damages for
injury to the person in the case of consumer goods?
45.
(p. 540-541)
What does the UCC say regarding a limitation of consequential damages for
commercial losses?
46.
(p. 540-541)
What are the rights of the parties under the UCC to provide for remedies in
addition to those provided by the UCC?
