Take Test: Lesson 5

Test Information
Description

Respondus

Instructions
Multiple Attempts Not allowed. This test can only be taken once.
Force Completion This test can be saved and resumed later.
Question Completion Status:
1 2 3 4 5 6 7 8 9 10
Save and Submit

QUESTION 1

1. If a contract for a sale of goods does not include a price term, it may still be enforceable.
True
False
10 points

QUESTION 2

1. An oral contract for goods that are specially manufactured for a particular buyer may be
enforceable.
True
False
10 points

QUESTION 3

1. In effect, the United Nations Convention on Contracts for the International Sale of Goods requires
that the terms of the acceptance mirror those of the offer.
True
False
10 points

QUESTION 4

1. Under the UCC, title determines all of the rights and remedies of the parties to a sales contract.
True
False
10 points

QUESTION 5

1. In contracts involving a sale of unborn animals to be born within twelve months, identification
takes place when the animals are conceived.
True
False

10 points

QUESTION 6

1. Under a shipment contract, the risk of loss passes to the buyer when the seller places conforming
goods in the possession of the carrier.
True
False
10 points

QUESTION 7

1. Under a destination contract, the risk of loss passes to the buyer when the goods are duly delivered
to the carrier.
True
False
10 points

QUESTION 8

1. In a sale on approval, title and risk of loss pass only when the buyer accepts the goods.
True
False
10 points

QUESTION 9

1. Omega Systems, Inc., contracts with Petro Oil Corporation to make special pipe and install it in
Petro's refinery. There is no separate price in the contract for the installation. This contract is
equally for a sale of goods and a sale of services.
neither for a sale of goods nor a sale of services.
predominantly for a sale of goods.
predominantly for a sale of services.
10 points

QUESTION 10

1. Rita, the manager of the State University (SU) soccer team, orally agrees to lease a certain number
of specially made SU banners from Top Banners, Inc. This lease is enforceable only if Top has
made a substantial start on making the banners and
Rita agreed to the lease on behalf of the SU soccer team.
SU does not have other, similar banners available.
the banners are not suitable for others in the course of Top's business.
the soccer season has not ended and SU goes to the finals.
10 points

Click Save and Submit to save and submit. Click Save All Answers to save all answers.