Business Law: Chapter 13- Sales Contract

Another word for a buyer in a sales transaction

• Vendee
• Vendor

Another word for a seller in a sales transaction

• Vendee
• Vendor

Consideration for a sale or contract to sell goods may be expressed in:

• Barter
• Price
• Services
• All of these

According to the UCC, goods do NOT include:

• Books and clothing
• Dogs and cats
• Patents and copyrights
• Any of these

Acceptance of goods occurs when:

• The goods are used or resold
• The buyer has agreed by words or conduct that the goods received are satisfactory
• The buyer fails to reject the goods within a reasonable length of time
• All of these

When both parties are merchants, a new term inserted by the offeree automatically becomes part of the contract if:

• The offeror fails to object within a reasonable time
• The goods are accepted by the buyer
• Delivery is made
• The final payment is made

Unconscionable contracts are:

• Criminal in nature
• Null and void
• Unethical
• All of these

If a new term inserted into the contract by the offeree is material, it is included in the contract:

• If the offeror doesn't notice it
• If the offeree thinks the offeror won't mind
• If the offeror fails to object within a reasonable time
• Only if the original offeror expressly shows an intention to be bound by it

Sales contracts are valid and enforceable in court if they are:

• Written
• Oral
• Implied from the conduct of the parties
• All of these

A seller can enforce an oral contract for non-resalable goods if:

• Goods from third parties have been contracted
• Manufacturing has substantially begun
• Both of these