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True or False Quiz
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1
Nuri steals Frank's lawnmower and sells it to Henry who knows nothing about the theft. Henry has void title.
A)True
B)False
2
Lina uses a bad check to purchase a television from Asha and resells the television to Barbara, who knows nothing about the bad check. Barbara has void title.
A)True
B)False
3
Greg takes his shotgun to Hunter Gun Co. to have it cleaned. Hunter mistakenly sells the shotgun to a customer, Cindy. Greg may recover the gun from Cindy.
A)True
B)False
4
Helen, a seller in Fullerton, sells goods to Ida, a buyer in Tulsa with the contract stating f.o.b. Fullerton. This is a shipment contract.
A)True
B)False
5
f.a.s. vessel requires the seller to deliver the goods, at their own risk, at a dock designated by the seller.
A)True
B)False
6
Furniture Builders Inc. delivers furniture to Big Store Inc. with the understanding that Big Store may return any unsold furniture to Furniture Builders. This is a sale on approval.
A)True
B)False
7
The CISG provides rules concerning passage of risk of loss.
A)True
B)False
8
Both a buyer and a seller may have an insurable interest in goods at the same time.
A)True
B)False
9
Title to goods cannot pass to a buyer until the goods have been identified to the contract.
A)True
B)False
10
In a destination contract risk of loss remains with the seller until the buyer takes physical possession of the goods.
A)True
B)False





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