Law 13-14

Eva offers to sell her set of antique dishes to her neighbor, Clemons. Eva would be called

FOB means

If a party admits in legal testimony that they agreed to part or all of oral contract

If property transferred to one party from another of value is not a good who governs that?

Unless goods are both existing and identified to the contact, they are called future goods

In UCC, which of the following holds true in regard to regulation, licensing, and taxation

When a bulk transfer is made, the ucc requires notice be given to buyers creditors

Which of the following is not an example of a fungible good defined by ucc

UCC stands for

In a sale of approval ownership and risk of loss do not pass to the buyer until

In COD Sales

Which of the statements is true regarding sales transactions paid by check

Acceptance of goods occurs when

If buyer of a bulk transfer fails to notify the sellers creditors of the transfer creditors can

Any person who innocently buys stolen goods from a thief gets title and possession

When parties exchange goods for goods, the sale is a barter

You operate a business in a foreign country and ship the merchandise to the US. Not true of CIF

Future goods are

According to the UCC, goods do not include

In the ucc a contract between merchants will become valid if nobody objects in

You call and specify your order, delivery date, pay by card, etc. The item bought would be

Innocent third party who in good faith buys all/some from a bulk transfere cannot get goodtitle

If the seller ships goods by carrier the transfer of risk of loss from seller to buyer occurs

Auction sales are without reserve unless announced to be with reserve

When payment for goods take place at a later date, transfer of title takes place when

Neither ownership nor risk of loss passes at the time of the contract for the sale future goods

Goods specifically designated as the subject matter of a particular sales contract identifiedby

With a few exceptions to be enforceable in court, a contract must be in writing if valued at

Casual sellers are also considered merchants

Which of the following transactions would be governed by the UCC provision of sale of goods

If parties do not specify when the title is to pass the courts will

A fractional interest in a single good that is to remain undivided is not valid is not valid

Casual sellers

You own a company and want to sell all inventory and equipment what does the UCC say to do

a 30 day trial period for a product is known as

Unless prohibited by the terms of the sale the seller may identify the goods as subject matter

Individuals may sell what they do not own if they

Consideration for a sale or contract to sell goods may be expressed in the form of

A seller can enforce an oral contract for a non resalable good if

Words or conduct of the buyer that indicate the goods received are satisfactory is acceptance

The bill of sale serves as written evidence of the transfer of ownership of goods

In both sales and contracts to sell, the seller is known as the vendee

The UCC does not govern contracts to sell goods in the future

An insurable interest arises in the buyer at the time

In a contract to sell goods, the purchaser is known as the

In a COD transaction what right does the buyer lose?

If a buyer has had enough time to inspect goods, acceptance may be indicated by not rejecting

When both parties are merchants a new term inserted by the offeree automatically become a part

By nature or trade usage each unit of fungible goods may be regarded as equal to every other

Transfer of ownership of goods may be done by the owners and authorized person or

Which of the following alternatives may a court that decides that a clause is unconscionable

You buy a new TV using a credit card, you get a written receipt called

the holder of a negotiable warehouse receipt has

What governs the sale of goods as well as contracts to sell goods in the future?

Goods that might suffice but do not meet the buyers specifications are what type of goods

Even if a person admits they signed an oral contract, they would still need it to be in writing

A good faith purchaser is one who

For ownership of goods to be transferred in a sale the goods must be existing and identified

Which of the following must b included in writing evidence a sale of goods for statue of frauds

Contract in which ownership of goods transfers right away from seller 2 buyer is contact 2 sell