Question

20 TRUE OR FALSE QUESTIONS: 1.5 points each. If your answer is False, explain why it is False to receive full credit. Under the UCC, if a written contract requires delivery of goods by a common carrier but does not state whether it is a destination contract or a shipment contract, then the contract is either a shipment contract or destination contract depending on the seller's choice. TRUE OR FALSE When Deshawn finished taking a math course, he sold his math textbook to Sherri who registered to take the same course next semester. Under the UCC's definition of "merchant", Deshawn is a merchant or a non-merchant depending on whether he made a profit on the transaction. TRUE OR FALSE Seller contracted to sell lumber to the buyer. The delivery contract stated that it was a destination contract. While being transported by the carrier, the lumber was destroyed before it arrived at the destination. The carrier's insurance has refused to cover the cost of the destroyed lumber. When the lumber was destroyed, the risk of loss was on the seller. TRUE OR FALSE Under the Parol Evidence Rule, evidence of contradictory prior agreements and contemporaneous oral agreements is admissible except as to parties' course of dealing. TRUE OR FALSE Morro Beverage Company has a surplus of carbon dioxide (which puts the bubbles in Morro beverage). Morro agrees to sell the surplus to the Rock Ale Company. Morro is a merchant with respect to both Morro beverages and carbon dioxide. TRUE OR FALSE A buyer and a seller cannot have an insurable interest in the same goods at the same time. TRUE OR FALSE Nora leaves her car with OK Auto Sales & Services for repairs. OK sells the car to Pete, who does not know that OK has no legal right to sell the car. Nora can recover from OK and Pete. TRUE OR FALSE Under a contract with QT Corp., Gold Medical ships an assortment of medical supplies. When QT opens the crates, it discovers that the supplies are the wrong assortment, but agrees to accept them anyway. The risk of loss passed to QT when it accepted the supplies. TRUE OR FALSE If identified goods are destroyed through no fault of either party, and risk has not passed to the buyer, the parties are excused from performance. TRUE OR FALSE In an installment contract, a buyer can reject any installment for any reason. TRUE OR FALSE A contract cannot involve both an implied warranty of merchantability and an implied warranty of fitness for a particular purpose. TRUE OR FALSE A statement or promise of fact made during the bargaining process are express warranties. TRUE OF FALSE

20 TRUE OR FALSE QUESTIONS: 1.5 points each. If your answer is False, explain why it is False to receive full credit.

Under the UCC, if a written contract requires delivery of goods by a common carrier but does not state whether it is a destination contract or a shipment contract, then the contract is either a shipment contract or destination contract depending on the seller's choice. TRUE OR FALSE

When Deshawn finished taking a math course, he sold his math textbook to Sherri who registered to take the same course next semester. Under the UCC's definition of "merchant", Deshawn is a merchant or a non-merchant depending on whether he made a profit on the transaction. TRUE OR FALSE

Seller contracted to sell lumber to the buyer. The delivery contract stated that it was a destination contract. While being transported by the carrier, the lumber was destroyed before it arrived at the destination. The carrier's insurance has refused to cover the cost of the destroyed lumber. When the lumber was destroyed, the risk of loss was on the seller. TRUE OR FALSE

Under the Parol Evidence Rule, evidence of contradictory prior agreements and contemporaneous oral agreements is admissible except as to parties' course of dealing. TRUE OR FALSE

Morro Beverage Company has a surplus of carbon dioxide (which puts the bubbles in Morro beverage). Morro agrees to sell the surplus to the Rock Ale Company. Morro is a merchant with respect to both Morro beverages and carbon dioxide. TRUE OR FALSE

A buyer and a seller cannot have an insurable interest in the same goods at the same time. TRUE OR FALSE

Nora leaves her car with OK Auto Sales & Services for repairs. OK sells the car to Pete, who does not know that OK has no legal right to sell the car. Nora can recover from OK and Pete. TRUE OR FALSE

Under a contract with QT Corp., Gold Medical ships an assortment of medical supplies. When QT opens the crates, it discovers that the supplies are the wrong assortment, but agrees to accept them anyway. The risk of loss passed to QT when it accepted the supplies. TRUE OR FALSE

If identified goods are destroyed through no fault of either party, and risk has not passed to the buyer, the parties are excused from performance. TRUE OR FALSE

In an installment contract, a buyer can reject any installment for any reason. TRUE OR FALSE

A contract cannot involve both an implied warranty of merchantability and an implied warranty of fitness for a particular purpose. TRUE OR FALSE

A statement or promise of fact made during the bargaining process are express warranties. TRUE OF FALSE

20 TRUE OR FALSE QUESTIONS: 1.5 points each. If your answer is False, explain why it is False to receive full credit.

Under the UCC, if a written contract requires delivery of goods by a common carrier but does not state whether it is a destination contract or a shipment contract, then the contract is either a shipment contract or destination contract depending on the seller's choice. TRUE OR FALSE

When Deshawn finished taking a math course, he sold his math textbook to Sherri who registered to take the same course next semester. Under the UCC's definition of "merchant", Deshawn is a merchant or a non-merchant depending on whether he made a profit on the transaction. TRUE OR FALSE

Seller contracted to sell lumber to the buyer. The delivery contract stated that it was a destination contract. While being transported by the carrier, the lumber was destroyed before it arrived at the destination. The carrier's insurance has refused to cover the cost of the destroyed lumber. When the lumber was destroyed, the risk of loss was on the seller. TRUE OR FALSE

Under the Parol Evidence Rule, evidence of contradictory prior agreements and contemporaneous oral agreements is admissible except as to parties' course of dealing. TRUE OR FALSE

Morro Beverage Company has a surplus of carbon dioxide (which puts the bubbles in Morro beverage). Morro agrees to sell the surplus to the Rock Ale Company. Morro is a merchant with respect to both Morro beverages and carbon dioxide. TRUE OR FALSE

A buyer and a seller cannot have an insurable interest in the same goods at the same time. TRUE OR FALSE

Nora leaves her car with OK Auto Sales Services for repairs. OK sells the car to Pete, who does not know that OK has no legal right to sell the car. Nora can recover from OK and Pete. TRUE OR FALSE

Under a contract with QT Corp., Gold Medical ships an assortment of medical supplies. When QT opens the crates, it discovers that the supplies are the wrong assortment, but agrees to accept them anyway. The risk of loss passed to QT when it accepted the supplies. TRUE OR FALSE

If identified goods are destroyed through no fault of either party, and risk has not passed to the buyer, the parties are excused from performance. TRUE OR FALSE

In an installment contract, a buyer can reject any installment for any reason. TRUE OR FALSE

A contract cannot involve both an implied warranty of merchantability and an implied warranty of fitness for a particular purpose. TRUE OR FALSE

A statement or promise of fact made during the bargaining process are express warranties. TRUE OF FALSE

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