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Sales & the Law: Tutoring Solution Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following is true of the UCC Article 2 section entitled Sales?

Question 2 2. Under Article 2, a seller must provide exactly what the buyer ordered. This is known as:

Question 3 3. The UCC's statute of frauds is applicable law in which states?

Question 4 4. Bert sells Beanie Burpies. Beanie Burpies are toys that are popular for trading. Angie contracts to buy 100 Beanie Burpies from Bert for $1,000. Angie then breaches the contract and doesn't buy the Beanie Burpies. Unfortunately, in the meantime, Pokie Pencils have become the newest popular toy item. There's no longer high demand for Beanie Burpies, so they aren't worth near as much as they were before. Bert's will likely be _____.

Question 5 5. If a seller breaches a sales contract and the buyer purchases reasonable replacement goods, what is the seller's liability limited to?

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Question 6 6. A seller's 'right to cure' only arises when:

Question 7 7. Under Article 2 of the UCC, how must a contract for goods of sale be made?

Question 8 8. Blake orders and pre-pays for 30 cans of blue paint at ABC Paint Store. The paint store delivers 30 cans of red paint. Blake uses the red paint that day and then notifies ABC Paint Store that the paint was not what he ordered. Blake can't reject the red paint because of which of the following reasons?

Question 9 9. In rare circumstances, a court will require a breaching party to fulfill a sales contract to deliver unique goods. What is this known as?

Question 10 10. Sometimes a buyer accepts goods and then decides he or she should have rejected the goods. The buyer will seek to withdraw his or her acceptance. Under the UCC, what is this known as?

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Question 11 11. Billy and Beatrice are both in the bike business. Billy orders several bike chains from Beatrice. Beatrice doesn't have the exact chains in stock, but sends Billy very similar chains in the same size Billy requested. Under the UCC, if Billy accepts the chains from Beatrice:

Question 12 12. According to the UCC's Article 2, what are the requirements for making a sales contract?

Question 13 13. Maurice orders 100 red markers from Martha to be used for a special art project. Martha accidentally sends blue markers instead. Maurice receives and accepts the boxes of blue markers because the boxes are labeled 'red.' When he attempts to use the markers the next day, he notices that they aren't what he ordered. He contacts Martha to tell her the markers are nonconforming and he is revoking his acceptance. Which statement describes Maurice's rights under the UCC?

Question 14 14. Kyle and Kim have an oral contract for the lease of goods. Kim will lease equipment from Kyle at a rate of $100 a month for six months. At the end of the lease, Kim wishes to modify the terms of the contract so that she can lease the equipment for five more months. Does this modification have to be in writing?

Question 15 15. Under the UCC, an offer is _____.

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Question 16 16. Which of the following is NOT considered to be a 'good' under the UCC definition?

Question 17 17. Landon buys a new particular type of lawnmower after the salesperson suggested it due to the type of grass in Landon's lawn. However, when Landon uses the mower it doesn't cut the grass. Instead, it just pushes the grass blades to the side. What is this an example of?

Question 18 18. Randy buys a bushel of raspberries from the farmer's market. He tells the salesperson that he intends to squish the berries and make dye to be used in his organic artwork. The salesperson tells Randy he's never heard of that, but hopes it works. Randy makes the dye, but it's not exactly the color he wanted. It's a little too light. This is an example of:

Question 19 19. Barry builds birdhouses. Barry orders 50 small nails from Bo's hardware store. Bo delivers the nails, but Barry doesn't open the box. Instead, he stores the nails in his garage for later use. When Barry opens the box several weeks later, he discovers the nails are the wrong size. What is the most likely result?

Question 20 20. Under Article 2, a seller must deliver goods that precisely meet the terms of the contract. This is known as which of the following?

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Question 21 21. Maurice orders 100 red markers from Martha to be used for a special art project. Martha tells Maurice that she doesn't have red markers, but she'll send blue markers. Maurice receives and accepts the blue markers. He contacts Martha the next day to tell her the markers are nonconforming and he's revoking his acceptance. Under the UCC, which statement describes Maurice's rights?

Question 22 22. Under the UCC, this person is defined as someone who contracts to buy goods:

Question 23 23. Bill's Bicycle Shop orders five fancy bicycles from Bob's Fancy Bike Manufacturing. Bill's Bicycle shop pays for the order in advance, but never receives delivery of the five fancy bikes. Under the UCC, what is this called?

Question 24 24. When a buyer breaches a sales contract, the UCC's Article 2 allows several different seller's remedies. Which of the following is NOT a seller's remedy?

Question 25 25. Taylor sees an ad for a 32-inch TV for $100 and goes to the store to buy it. He pays the $100 and takes the TV home, but upon opening the box he discovers the TV is only 27 inches. What is this an example of?

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Question 26 26. Charlotte orders 100 milk chocolate bars from Charlie to be delivered by September 1. Charlie delivers 100 dark chocolate bars to Charlotte on August 25. Which of the following is true?

Question 27 27. The UCC requires contracts to be in writing when:

Question 28 28. Under the UCC, this person is defined as someone who sells or contracts to sell goods:

Question 29 29. Tommy orders 50 square feet of white tile from Trip. Tommy needs the tile by April 1. Trip delivers 50 square feet of white tile on April 1, but it's not exactly the brand Tommy ordered. Trip couldn't get the tile Tommy ordered, but had a very similar tile in stock. Which of the following is true?

Question 30 30. Bob sent Bea nonconforming goods reasonably believing Bea would accept those goods. Bea rejected the goods. What happens next?

Sales & the Law: Tutoring Solution Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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