Search Header Logo

Chapter 12

Authored by Kak Didi

Professional Development

Professional Development

Used 4+ times

Chapter 12
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do Article 2 and Article 2A of the UCC differ?

Article 2 covers real estate, and Article 2A covers goods

Article 2 covers the sale of goods, while Article 2A covers leases of goods

Article 2 covers all property sales, and Article 2A covers personal services

There is no difference between them

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What types of transactions does each article cover?

Article 2 covers sales of services, and Article 2A covers business contracts

Article 2 covers sales of tangible goods, while Article 2A covers leases of goods

Article 2 covers all sales, including real estate, and Article 2A covers contracts with merchants

Article 2 covers personal property, while Article 2A covers commercial transactions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the UCC, what happens if an offeree includes additional terms in an acceptance?

The contract is automatically void

The offeree's response is not considered an acceptance if it is conditioned on the offeror's assent to new terms

The contract is enforceable, and the additional terms always become part of the agreement

The contract must be renegotiated from the beginning

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an exception to the perfect tender rule?

A buyer must accept all goods regardless of defects

If an unforeseen event makes performance extremely difficult, the seller may be excused

The buyer can always reject goods for any reason

The seller is required to replace all damaged goods, even if the buyer still wants them at a discount

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The UCC requires a buyer or lessee to inspect goods before making payment, unless otherwise agreed.

true

false

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An express warranty arises only when a seller provides a written guarantee.

true

false

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A buyer or lessee can revoke acceptance at any time, even after a substantial change in the goods has occurred.

true

false

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?

Discover more resources for Professional Development