LES 305 CLARK ASU EXAM 2 QUESTIONS AND ANSWERS

LES 305 CLARK ASU LATEST
EXAM 2 QUESTIONS AND
ANSWERS 2026 - 2027

The common law governs contracts for: - ANSWERS-Services, real
estate


International contract law for sale of goods - ANSWERS-UNCISG
governs dale of goods you


Under the ucc... - ANSWERS-Sale contracts for goods over $500 must
be written


Writing for good sales must include - ANSWERS-Quantity, signature,
understandable language


Firm offer - ANSWERS-In writing, no consideration, ucc provides offer
in 3months or less


output contract - ANSWERS-agreement to purchase all of a particular
producer's production


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, LES 305 CLARK ASU LATEST
EXAM 2 QUESTIONS AND
ANSWERS 2026 - 2027
Requirement contract - ANSWERS-Buyer agrees to purchase all goods
needed/required from designated seller for given period


title - ANSWERS-ownership


Risk of loss depends on - ANSWERS-Shipping or destination contract?


Shipping Contract - ANSWERS-A contract under which a seller turns
goods over to a carrier for delivery to a buyer. Both the title and risk of
loss pass to the buyer when the goods are given to the carrier.


Destination Contract - ANSWERS-A contract for the sale of goods in
which the seller is required or authorized to ship the goods by carrier and
tender delivery of the goods at a particular destination. The seller
assumes liability for any losses or damage to the goods until they are
tendered at the destination specified in the contract.


3 torts - ANSWERS-1.) intentional -purpose
2.)negligence -ignore

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