Quiz - Actions for Breach of Contract of Sale of Goods

Quiz
•
Business
•
University
•
Hard
Judy Ramirez
Used 27+ times
FREE Resource
18 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
This includes all chattels personal but not things in action or money of legal tender in the Philippines. The term includes growing fruits or crops.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In general, the actions available for breach of the contract of sale of goods are the following except
action by the seller for payment of the price
action by the seller for damages for non-acceptance of the goods
action by the seller for rescission of the contract
action by the buyer for damages for non-acceptance of the goods
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In general, the actions available for breach of the contract of sale of goods are the following
action by the seller for rescission of the contract
action by the buyer for specific performance
action by the buyer for rescission or damages for breach of warranty
action by the seller for specific performance
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The following statements are the cases when an action for the price of goods under a contract of sale can be maintained by the seller. Choose the incorrect statement.
when the ownership of the goods has passed to the buyer and he wrongfully neglects or refuses to pay for the price
when the price is payable on a certain day and the buyer wrongfully neglects or refuses to pay such price, irrespective of delivery or of transfer of title
when the goods cannot readily be resold for a reasonable price and the buyer wrongfully refuses to accept them even before the ownership in the goods has passed, if the provisions are not applicable.
when the price is payable on a certain day and the buyer rightfully neglects or refuses to pay such price, irrespective of delivery or of transfer of title
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The following statements are the seller's right of action for damages. Choose the incorrect statement.
if the buyer without lawful cause neglects or refuses to accept and pay for the goods he agreed to buy
in an executory contract, the ownership in the goods has not passed, and the seller cannot maintain an action to the price
if the goods are not yet identified at the time of the contract or subsequently
if the goods are identified at the time of the contract or subsequently
6.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
What is the measure of the damage which is the estimated loss directly and naturally resulting from the buyer's breach of contract?
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the measure of damage wherein if there is no available market in which the goods can be sold at the time, the seller is entitled to what has really been sustained by thee breach of contract?
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Understanding Production and Market Structures

Quiz
•
University
15 questions
MAF 151 CHAPTER 3 PART 1: MATERIALS CONTROL CYCLE

Quiz
•
University
20 questions
IBTRADE - Pre-Finals Quiz

Quiz
•
University
14 questions
Managerial Accounting - Exam 3

Quiz
•
University
15 questions
Business Laws - Indian Contract Act

Quiz
•
University
15 questions
Consumer Persona Development Quiz

Quiz
•
University
20 questions
Marketing CH 1-4 UTM

Quiz
•
University
15 questions
Principles of Marketing Quiz

Quiz
•
University
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
10 questions
UPDATED FOREST Kindness 9-22

Lesson
•
9th - 12th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
20 questions
US Constitution Quiz

Quiz
•
11th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade