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True or False Quiz
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1
A sale of goods occurs when Sandy buys a bag of ice at a convenience store.
A)True
B)False
2
Leases of goods are governed by Article 2 of the Uniform Commercial Code.
A)True
B)False
3
The purchase of a new auto engine for $3,500 that includes $500 of labor to install it in the car would be a sale of goods.
A)True
B)False
4
A gift by Sopan of $600 of gold coins to Tau would require a written and signed contract.
A)True
B)False
5
A written contract for the sale of laptop computers by Buyers Warehouse Inc., to Amalgamated Sales Inc., does not specify if carrying cases are included. A court will allow evidence of usage of trade to supplement the written contract.
A)True
B)False
6
If the parties do not specify a price in their sale of goods contract, the price is to be a reasonable one at the time the contact is made.
A)True
B)False
7
A farmer agreeing to sell "all the cotton I produce" to General Clothing Manufacturing would be creating a valid output contract.
A)True
B)False
8
Jackson Enterprises sends a written offer to Titan Industries to sell steel for delivery at Thunder Bay and that only the offer terms are subject to acceptance. Titan sends a written acceptance with delivery to be at Thunder Outlet, twenty miles down the coast from Thunder Bay. Titan's acceptance form controls unless Jackson objects within a reasonable time.
A)True
B)False
9
Miranda orally contracts with Keala to sell her 1,000 yards of silk cloth for $50,000. Keala sues Miranda when Miranda does not deliver the cloth and Miranda admits in court that he agreed to sell her 100 yards of silk cloth. The contract is enforceable for 100 yards of silk cloth.
A)True
B)False
10
A lease of goods for over $750 must be in writing to be enforceable.
A)True
B)False





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