Ch 15 Contracts for the Sale of Goods

A merchant;s written promise to hold open an offer for the sale of goods is a(n)

Goods must be identified in the contract before title can pass

Article 2 of the Uniform Commercial Code applies to contracts involving goods and real estate.

Title and risk of loss pass to the buyer when goods are delivered to the carrier in a

An occasional or casual seller is a

Goods that presently exist and are the subject matter of a particular contract are

A merchant's written promise to hold open an offer for the sale of goods must not stand longer

Goods must be tangible to be valid subject matter of a sales contract

A writing is not required if the buyer accepts and pays for the goods

The right of ownership to goods is known as

When a buyer breaches a sales contract, the seller may cancel the contract

No consideration is needed for a firm offer

A receipt given by a carrier to a shipper for shipment of goods is known as a

The transfer of all goods owned by a business is known as a

A contract for the sale of goods may be made before the price is settled.

An acceptance must be based on total acceptance of all terms in an offer for goods

A business or person who deals regularly in the sale of goods is a (n)

An offer may be accepted by any reasonable means unless a particular way is specified

A contract by which ownership of goods is shifted from seller to buyer for a price is a

If the seller is a merchant, the risk of loss transfers when the buyer receives the goods