MGT315 Chapter 14-23 Review

Warranty imposed by law

Good that don't exist

Portion of whole mass of transaction

Title for existing goods that require transportation transfers to _______ upon delivery.

Payment more than twice the normal one

Taking possession of goods:

Written warranty, not a full warranty

Baggage is usually

Assurance that an article conforms to a standard

20. Writings that satisfy the Statute of Limitations:

Check drawn by bank on its own funds

Act of transferring ownership of a negotiable instrument

Goods picked to be delivered to the buyer:

Intangible Personal Property consists of evidence of ownership of

18. Specially made goods not easily resellable:

When one owns something, they are said to have

A funeral home is considered

Warranty with unlimited duration of implied warranty

11. Goods are:

International commerce terms

Sealed, written contract obligation with essentials of note

Transfer of possession of goods for purpose of sale

Goods of a homogeneous nature sold by weight or measure

Unsecured bond issued by a business

Written order by one person directing another to pay a sum of money to a third person

Seller liable until goods delivered to carrier

Consideration in a sales contract

Document of title issued by storage company for goods stored:

Quantity regarded as separate unit

Real Property is:

Indorsement that limits the liability of Indorser

Note secured by personal property

Indorsement consisting of signature of Indorser

A dead body is considered

A "Bailor" is a person who

Until buyer has received good and seller has been paid __________ has/have an economic interest:

Person in possession of instrument payable to bearer or that person

Commercial paper payable to order

Person ordered to pay a draft

19. Auction goods may be withdrawn after bidding starts

"Tangible Personal Property" is:

Completed sale with the right to return

Title to good that do not require transporting transfers to ___________ at time and place of contracting:

Named holder of an indorsed negotiable instrument

Property is:

Agreement to transfer title to goods for a price

Person who executes a draft

Information or knowledge imputed by law

Price may be payable in

A Bill of Lading is a receipt and contract between the consignor and