BUSI 301 Chapter 8 questions with correct answers 100%

BUSI 301 Chapter 8 questions with correct answers 100%goods - correct answer tangible personal property that is movable at the time of identification to a contract of sale; money and information are not included under the UCC, however future goods are The UCC applies only to: - correct answer sales contracts sales contract - correct answer A contract for the sale of goods under which the ownership of goods is transferred from a seller to a buyer for a price. merchant - correct answer One that is regularly engaged in the sale of a particular good Article 2 of the UCC - correct answer governs the sale of goods; acts to fill in only missing or open terms Article 2 ___________ the bar for formation by allowing an enforceable contract to arise in any manner sufficient to show agreement - correct answer lowers UCC allows contract enforcement that consists of: - correct answer past commercial conduct correspondence or verbal exchanges industry standards and norms Open terms under the UCC - correct answer price, quantity, delivery, time, payment output contract - correct answer 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. requirements contract - correct answer 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.