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Busi 4350 Chapter 22 Study Guide And Exam Prep

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This BUSI 4350 Chapter 22 study guide supports revision of the chapter’s key concepts and preparation for related assessments. Depending on the textbook and course syllabus, it may include core definitions, business principles, applied examples, and practice questions with solutions.

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BUSI 4350- Chapter 22


Question 1.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. Eggs are ______________.

ANSWER
Goods



Question 2.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. The
_______________________ applies to the duties and obligations of parties to a sale of goods contract. (might be more than one
word).

ANSWER
Uniform Commercial Code



Question 3.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. _____________
___________________ is the seller.

ANSWER
Hudson Enterprises



Question 4.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. __________________
_____________ __________ is the buyer.

ANSWER
Eyring Quality Eggs




1/6

, Question 5.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. The seller's primary obligation
is to _____________ __________________ goods.

ANSWER
Tender conforming



Question 6.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. The goods delivered by the
seller must _____________________ ________________ with the contract.

ANSWER
Conform perfectly



Question 7.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. Unforeseen circumstances
___________ result in an exception to this rule that states that one must conform perfectly to the contract.

ANSWER
May



Question 8.
Hudson Enterprises, Inc. owns a large farm that raises chickens and produces eggs. Hudson entered into a contract to sell cage-free
eggs to Eyring Quality Eggs where Hudson would provide Eyring with 2,980,000 eggs per week for one year. Eyring intended to
package the eggs and resell them to a national retailer with whom Eyring had a non-binding letter of intent. Approximately 3 months
after the contract performance began, an outbreak of an unexpected avian disease hit the farms where the eggs were being
produced. Hudson ultimately had to kill over half the chickens on the farm, reducing its egg production. The occurrence of the avian
sickness _________ an unforeseen circumstance.

ANSWER
Was




2/6

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