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BUL 5810 CH. 21 Exam Questions With
Correct Answers
A "sale" of goods happens when: - answer✔✔title to the goods is passed.
Which of the following transactions is governed by Article 2 of the UCC? - answer✔✔The sale
of oranges to be picked up from a 10-acre grove.
The CISG applies to: - answer✔✔the international sale of goods.
The Code defines __________ as "honesty in fact in the conduct or transaction concerned." -
answer✔✔good faith
A merchant is defined as a person who: - answer✔✔1. Is a dealer in a particular type of goods
2. by his occupation holds himself out as having knowledge or skills peculiar to certain goods or
practices
3. employs an agent or broker whom he holds out as having knowledge or skill.
The definition of "usage of trade" includes: - answer✔✔a practice regularly observed and
followed in a place, vocation, or trade.
Which of the following is true regarding unconscionability under the Code? - answer✔✔The
Code denies or limits enforcement of an unconscionable contract for the sale of goods.
An "option" is defined as a contract by which: - answer✔✔the OFFEROR is bound to hold open
an offer for a specified amount of time.
Which of the following is not true about auctions? - answer✔✔The UCC provides that if an
auction is advertised or announced in explicit terms to be with reserve, the auctioneer may not
withdraw the article put up for sale unless no bid is made within a reasonable time.
A contract that does not satisfy the writing requirement of the Article 2 statute of frauds, but
which is otherwise valid, is enforceable in which of the following situations? (3) - answer✔✔1.
Where the goods have been delivered and accepted
BUL 5810 CH. 21 Exam Questions With
Correct Answers
A "sale" of goods happens when: - answer✔✔title to the goods is passed.
Which of the following transactions is governed by Article 2 of the UCC? - answer✔✔The sale
of oranges to be picked up from a 10-acre grove.
The CISG applies to: - answer✔✔the international sale of goods.
The Code defines __________ as "honesty in fact in the conduct or transaction concerned." -
answer✔✔good faith
A merchant is defined as a person who: - answer✔✔1. Is a dealer in a particular type of goods
2. by his occupation holds himself out as having knowledge or skills peculiar to certain goods or
practices
3. employs an agent or broker whom he holds out as having knowledge or skill.
The definition of "usage of trade" includes: - answer✔✔a practice regularly observed and
followed in a place, vocation, or trade.
Which of the following is true regarding unconscionability under the Code? - answer✔✔The
Code denies or limits enforcement of an unconscionable contract for the sale of goods.
An "option" is defined as a contract by which: - answer✔✔the OFFEROR is bound to hold open
an offer for a specified amount of time.
Which of the following is not true about auctions? - answer✔✔The UCC provides that if an
auction is advertised or announced in explicit terms to be with reserve, the auctioneer may not
withdraw the article put up for sale unless no bid is made within a reasonable time.
A contract that does not satisfy the writing requirement of the Article 2 statute of frauds, but
which is otherwise valid, is enforceable in which of the following situations? (3) - answer✔✔1.
Where the goods have been delivered and accepted
