BLaw Unit 10 - Sale of Goods Test

When a buyer breaches a sales contract, the seller may cancel the contract. Mark only one oval.

• True

• False

In an auction with reserve, the item being sold must sell to the highest bidder.

• True

• False

A written document is not required if the buyer accepts and pays for the goods.

• True

• False

A contract for the sale of goods may be made before the price is settled.

• True

• False

Goods must be movable to be valid subject matter of a sales contract. Mark only one oval. True or False.

• True

• False

The right of ownership to goods is known as.

• risk of loss

• title

• identified goods

• bill of lading

The transfer of all goods owned by a business is known as a.

• bulk transfer

• total transfer

• shipment contract

• forced sale

People who obtain goods through fraud, mistake, undue influence or duress have ____________ title.

• valid

• void

• voidable

• unenforceable

Money, stocks and bonds are NOT considered.

• consideration

• tangible

• goods

• property

A receipt given by a carrier to a shipper for shipment of goods is known as a.

• delivery tender

• bill of lading

• warehouse receipt

• document of title