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Buyer Acceptance Under the Uniform Commercial Code

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is true of the UCC?

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1. 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?

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

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About This Quiz & Worksheet

The questions on this quiz and worksheet are focused on scenarios involving purchases, and you'll need to determine the results of these scenarios based on your knowledge of buyer acceptance.

Quiz & Worksheet Goals

The scenarios on this quiz and worksheet will determine how well you understand the following:

  • The ownership of goods
  • Acceptance and rejection of goods
  • Conforming vs. nonconforming goods
  • Inspecting goods

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson about buyer acceptance under the UCC
  • Problem solving - select the result of a sample scenario based on your understanding of buyer acceptance
  • Knowledge application - use your knowledge to answer questions about accepting and rejecting goods

Additional Learning

Review the corresponding lesson called Buyer Acceptance Under the Uniform Commercial Code for more details. This lesson covers the following objectives:

  • Define 'sale of goods'
  • Identify the characteristics of the UCC
  • Know the relationship between ownership and acceptance of goods
  • Learn the particulars of article 2 in the UCC
  • Appreciate the defining characteristics of acceptance under article 2
  • Understand the three categories of acceptance
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