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the law of sales

Authored by Roberto Balbino

5th Grade

Used 238+ times

the law of sales
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60 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consideration for a sale or contract to sell goods may be expressed in the form of

Barter

money

services

all of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

according to the UCC goods do not include

books and clothing

dogs

patents and copyrights

all of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Acceptance of goods occurs when

the goods are used or resold

the buyer has indicated 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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when payment for goods takes place at a later date, the transfer of title takes place when

the buyer selects and agrees to buy the goods in the seller's store

the goods are accepted by the buyer

delivery is made

the final payment is made

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

casual sellers

may be required to be licensed

only sell occasionally

only sell casual items

are usually subjected to special taxation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

goods from third parties have been contracted for the order

manufacturing has substantially begun

both a and b

none of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a party admits in legal testimony that he or she agreed to part or all of an oral contract governed by the Statute of Frauds, the contract would be

binding to the extent admitted

still null and void

totally enforceable

none of these

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