BUSI 301 Connect Homework Chapter 8 Liberty University Complete Answers
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Which of the following is normally a required UCC contract term?
Article 2 of the UCC governs the sale of goods, which do not include: (Check all that apply.)
Tangible personal property that is movable at the time of contract is known under the UCC as
Which of the following is (are) correct regarding installment contracts?
Money and information are not considered under the UCC.
Nonperformance under the UCC is termed:
which of the following is correct regarding rightful rejection?
Which of the following is (are) an option under the UCC once the buyer has inspected the goods?
Under the UCC which of the following determines a reasonable price at the time of delivery?
The UCC provides when there are missing provisions under a UCC contract
conforming goods must be by the buyer.
If the contract has open terms for delivery, price, or payment, the UCC provides fillers for those terms.
Which of the following are true of merchants under the UCC?
Under the UCC, a merchant's firm offer is irrevocable for a maximum of:
Under the UCC, one regularly engaged in the sale of a particular good is a:
A covering party should act in and without unreasonable delay.
Identify the remedies available to a seller if a breach occurs before goods are received by a buyer. (Check all that apply.)
Under the UCC the court determines a reasonable price at the time of .
Nonconforming goods can be by the buyer.
An acknowledgement form is also referred to as a(n):
Under the CISG, acceptance is effective when by the offeror.
The shipping term FOB stands for:
The seller's obligation to tender goods in a manner that matches the contract terms in every respect is known as the:
A pledge or guarantee from one party that the party is able to perform the contract is a(n) .
The CISG has a formal writing requirement equivalent to the UCC's statute of frauds.
The following are considered goods under Article 2 of the UCC.
Under UCC Article 2, tangible personal property that is movable at the time of a sale is called
The UCC imputes a certain level of knowledge and awareness to
When the parties to a contract have not expressly negotiated particular terms to a contract, Article 2 of the UCC will
If these terms are open or missing in a contract for the sale of goods, UCC Article 2 will provide gap filters
Missing provisions under a UCC contract are referred to as __ terms
A __ contract is where the buyer agrees to purchase all of the goods that a seller produces.
Which of the following are true regarding risk of loss:
The __ of __ is the point in time when actual ownership of a good is transferred from seller to buyer.
In a non shipment contract involving a seller merchant, risk of loss passes to the buyer when:
A commercially reasonable manner means that merchants must:
If the buyer has accepted nonconforming goods the UCC allows the buyer to later revoke acceptance:
Charges for stopping delivery and transportation costs associated with a buyer’s breach are referred to as __ damages.
When nonconforming goods are rejected by the buyer, the seller must be given __ notification.
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- Submitted On 14 Jun, 2019 03:38:08