BL EOY

A contract in which ownership of (title to) goods transfers immediately from the seller to the buyer for a price is a contract to sell.

• True

• False

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

• True

• False

The Uniform Commercial Code (UCC) does not govern contracts to sell goods in the future.

• True

• False

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

• True

• False

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

• True

• False

Words or conduct of the buyer that indicate that the goods received are satisfactory can be construed by the court as acceptance.

• True

• False

Casual sellers are also considered merchants.

• True

• False

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.

• True

• False

Even if a party against whom enforcement of an oral contract is sought admits in legal pleadings or testimony that he or she agreed to part or all of a contract, a signed writing is still necessary to satisfy the Statute of Frauds.

• True

• False

If the buyer has had adequate opportunity to inspect the goods, acceptance may be indicated by a failure to reject them within a reasonable time.

• True

• False