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BL EOY

Authored by Jerry Mahana

Business

9th - 12th Grade

Used 399+ times

BL EOY
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136 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Casual sellers are also considered merchants.

True

False

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