#1
Which article of the Uniform Commercial Code (UCC) governs sales contracts?
Article 2
Article 3
Article 4
Article 9
#2
Under the UCC, when does title to goods typically pass from the seller to the buyer in a sales contract?
At the time the contract is signed
At the time the goods are delivered to the buyer
At the time the buyer pays for the goods
At the time the goods are manufactured
#3
Under the UCC, when does the risk of loss typically pass from the seller to the buyer in a sales contract?
At the time the contract is signed
At the time the goods are delivered to the buyer
At the time the buyer pays for the goods
At the time the goods are manufactured
#4
Which of the following contracts would NOT be covered by Article 2 of the UCC?
A contract for the sale of a car
A contract for the sale of a house
A contract for the sale of a computer
A contract for the sale of office supplies
#5
Which party typically bears the risk of loss during transportation in a shipment contract under the UCC?
The buyer
The seller
The carrier
The insurance company
#6
Under the UCC, what is the effect of an acceptance that contains additional or different terms compared to the offer?
The acceptance is invalid.
The additional or different terms become part of the contract unless they materially alter it.
The contract is automatically terminated.
The offeror can reject the acceptance and make a new offer.
#7
Which of the following is NOT a requirement for a valid sales contract under the UCC?
Offer
Acceptance
Consideration
Seal
#8
In a sales contract governed by the UCC, what is the implied warranty that goods sold are fit for the ordinary purpose for which they are used?
Warranty of merchantability
Warranty of title
Warranty of fitness for a particular purpose
Warranty of conformity to contract description
#9
Which of the following is true regarding the Statute of Frauds under the UCC?
All contracts for the sale of goods must be in writing to be enforceable.
Only contracts exceeding $500 in value must be in writing to be enforceable.
Contracts for the sale of goods are not subject to the Statute of Frauds.
Only contracts involving real estate are subject to the Statute of Frauds.
#10
Which of the following is NOT a method of termination for a sales contract under the UCC?
Mutual agreement
Breach
Revocation
Frustration of purpose
#11
Under the UCC, what is the difference between an offer and an invitation to negotiate?
An offer is a definite proposal that can be accepted, while an invitation to negotiate is not.
An invitation to negotiate is a definite proposal that can be accepted, while an offer is not.
There is no difference between an offer and an invitation to negotiate under the UCC.
An offer can be revoked at any time, while an invitation to negotiate cannot.
#12
In a sales contract governed by the UCC, what is the implied warranty of title?
The warranty that the goods will conform to the description provided in the contract.
The warranty that the goods will be fit for the ordinary purpose for which they are used.
The warranty that the seller has the right to sell the goods and that the transfer of title is rightful.
The warranty that the goods will be free from defects in materials and workmanship.
#13
Under the UCC, what happens if a buyer rightfully rejects non-conforming goods?
The buyer must keep the goods and accept a partial refund
The buyer is entitled to a full refund and may return the goods
The buyer must pay for the goods regardless of their condition
The buyer is responsible for repairing the goods
#14
Under the UCC, which of the following is NOT considered an essential term of a sales contract?
Price
Quantity
Delivery date
Payment method
#15
What is the main purpose of the UCC's 'perfect tender rule'?
To ensure that sellers deliver goods that perfectly match the buyer's expectations.
To allow buyers to reject goods that do not perfectly conform to the contract.
To prevent sellers from fulfilling their contractual obligations.
To eliminate the need for any negotiations between buyers and sellers.
#16
Under the UCC, what happens if a seller fails to deliver goods as promised in the sales contract?
The buyer can only seek damages if they can prove financial loss.
The buyer can rescind the contract and seek damages for any losses suffered.
The buyer must accept the goods regardless of their condition.
The buyer can cancel the contract without any consequences for the seller.
#17
Under the UCC, what is the purpose of the 'battle of the forms' doctrine?
To resolve conflicts between competing sales contracts.
To determine which party has superior bargaining power.
To facilitate negotiations between buyers and sellers.
To establish a hierarchy of terms in conflicting contract documents.
#18
What is the UCC's stance on oral contracts for the sale of goods?
They are enforceable only if confirmed in writing within 24 hours.
They are unenforceable unless the goods are specially manufactured for the buyer.
They are generally enforceable, but subject to certain exceptions.
They are always unenforceable.