Question 1

Which of the following is true under the UCC regarding the right of a seller or lessor to presume acceptance?

Accepted Answer

A)   Sellers and lessors do not have the right to presume acceptance.
B)   The seller may presume acceptance if the buyer fails to reject goods within 48 hours, but the lessor may not presume acceptance.
C)   The lessor may presume acceptance if the lessee fails to reject goods within 48 hours, but the seller may not presume acceptance.
D)   Both lessors and sellers may presume acceptance if buyers or lessees fail to reject good within 48 hours.
E)   Both lessors and sellers may presume acceptance if buyers or lessees fail to reject good within a reasonable period of time.F) B) and E)
G) C) and E)

Question 2

Belinda orders a certain type of hybrid rose for her wedding. A disease sweeps through that type of rose, and the florist could only obtain the roses at great cost if at all. Which of the following is the appropriate term for the florist's best defense?

Accepted Answer

A)   Commercial unreasonableness
B)   Commercial impracticability
C)   Substantial hardship
D)   Unforeseen circumstances
E)   Unreasonable brideF) B) and D)
G) C) and E)

Question 3

A common law rule known as the ______ required that the seller deliver goods in conformity with the terms of the contract, down to the last detail.

Accepted Answer

A)   Tender of offer regulation
B)   Superior delivery rule
C)   Certain tender rule
D)   Regulatory rule
E)   Perfect tender ruleF) B) and D)
G) A) and D)

Question 4

Which of the following is true regarding any right of inspection in regard to buyers?

Accepted Answer

A)   The UCC provides for no right of inspection for buyers, and the right of inspection is only available to the buyer if it is provided for by contract.
B)   The UCC provides for a right of inspection in regard to perishable items for buyers, but not otherwise.
C)   The UCC provides for a right of inspection in regard to fragile items for buyers, but not otherwise.
D)   The UCC provides for a right of inspection if the buyer and seller have previously had disputes in regard to shipments, but not otherwise.
E)   The UCC provides for a right of inspection for buyers.F) A) and B)
G) C) and D)

Question 5

A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____ the value of the goods.

Accepted Answer

A)   Reduced in any manner
B)   Reduced by 10%
C)   Reduced by 5%
D)   Substantially impaired
E)   Violated the perfect tender ruleF) All of the above
G) A) and B)

Exam 23: Performance and Obligations Under Sales and Leases

A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____ the value of the goods.

Correct Answer
verified

Which of the following is true regarding any right of inspection in regard to buyers?

Correct Answer
verified

Which of the following is true under the UCC regarding the right of a seller or lessor to presume acceptance?

Correct Answer
verified

A common law rule known as the ______ required that the seller deliver goods in conformity with the terms of the contract, down to the last detail.

Correct Answer
verified

Belinda orders a certain type of hybrid rose for her wedding. A disease sweeps through that type of rose, and the florist could only obtain the roses at great cost if at all. Which of the following is the appropriate term for the florist's best defense?

Correct Answer
verified

Exam 23: Performance and Obligations Under Sales and Leases

A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____ the value of the goods.

Correct AnswerverifiedShow Answer

Which of the following is true regarding any right of inspection in regard to buyers?

Correct AnswerverifiedShow Answer

Which of the following is true under the UCC regarding the right of a seller or lessor to presume acceptance?

Correct AnswerverifiedShow Answer

A common law rule known as the ______ required that the seller deliver goods in conformity with the terms of the contract, down to the last detail.

Correct AnswerverifiedShow Answer

Belinda orders a certain type of hybrid rose for her wedding. A disease sweeps through that type of rose, and the florist could only obtain the roses at great cost if at all. Which of the following is the appropriate term for the florist's best defense?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified