Kubasek Cengage Missed questions
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each of the black spaces below before clicking
on it to display the answer.
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| The UCC replaces the common law concept of title with three other concepts | risk of loss
insurable interest
identification
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| Under a shipment contract, title passes from the seller to buyer: | at the time and place of shipment, typically by a carrier.
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| Under a shipment contract, when does the risk of loss shift from the seller to the buyer? | When the goods are delivered to the carrier.
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| Under the UCC's perfect tender rule, what options does a buyer have when the seller tenders nonconforming goods? | The buyer may accept all, part, or none of the goods.
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| The performance of a party to a contract for the sale of goods will be excused on the ground of commercial impracticability only if: | the contingency was unforeseeable and would not normally have been contemplated by the parties.
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| Under the UCC, the right to replevy goods is usually available to a buyer when? | When the buyer cannot cover.
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| Buyers who rightfully reject goods that remain in their possession have what is known as: | the right of rejoinder.
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| The effect of open terms on a contract covered by the UCC is that | the contract will be valid if the parties intended to form a contract and there is a reasonable basis for a court to grant a remedy.
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| The UCC has Statute of Frauds provisions governing: | the sale of goods priced at more than $500.
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