CHAPTER 16—SALES OF PERSONAL PROPERTY Key
1. Which of the following acts govern the sales of movable personal property?
2. As per the UCC’s definition of sale, in which of the following transactions has a sale taken place?
3. The difference between a sale and a contract to sell is that:
4. Which of the following statements is true of sales contracts?
5. Which of the following is true of identified goods?
6. Sara’s visited Ben’s, a famous designer jewelry store, to buy herself a necklace. She browsed through the
store’s product catalogue and chose a particular model of diamond necklace. After she chose it, the manager at
Ben’s sent an order to the manufacturer to make the necklace. Which of the following statements is true at this
point in the scenario?
7. Which of the following statements is true of illegal sales?
8. Which of the following statements is true of the United Nations Convention on Contracts for the International
Sale of Goods (CISG)?
9. The sale of goods constitutes the largest number of contracts formed in the country’s economic system.
10. The word “sale” as used in the Uniform Commercial Code (UCC), only applies to the sale of movable
personal property.
11. Land is generally considered as intangible personal property.
12. Law considers a sale to be the same as a contract to sell.
13. When a contract to sell is signed by two parties, a sale is said to have taken place.
14. In order for a sale to have taken place, the purchased goods need to be delivered to the buyer immediately.
15. The consideration in a sales contract is known as the price.
16. The consideration in a sales contract is always expressed in terms of money.
17. In order to be the subject of a sale, goods must be existing.
18. A bill of sale cannot serve to prove ownership of a good.
19. If the individual goods of an illegal sale are separately priced, the sale is considered to be divisible.
20. What is a bill of sale? What purpose does it serve?