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BLAW 3310 CHAPTER 11 QUESTIONS WITH 100% CORRECT ANSWERS

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BLAW 3310 CHAPTER 11 QUESTIONS WITH 100% CORRECT ANSWERS

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The seller warrants that the title being conveyed is good and that the transfer is
lawful.


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Warranty to Title




Means that the good "must be quality comparable to that generally acceptable in that
line or trade."


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Merchantable

, Specify where title to the merchandise passes to the retailer, who pays shipping costs,
and who is responsible for insurance/damage claims.


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Delivery Terms




An agreement in which a seller agrees to sell and a buyer agrees to buy all or up to a
stated amount of what the seller produces.


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Output Contract




An agreement in which a buyer agrees to purchase and the seller agrees to sell all or
up to a stated amount of what the buyer needs or requires.


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Requirements Contract




Honesty in fact in the conduct or transaction concerned.


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