Business Law Help for College and University Students

Business Law question (UCC)

Which of the following is most likely to be considered a sale of goods to which the UCC applies? a. a dentist places a crown over a patient's tooth b. a gas station sells and installs a new battery in a car c. a hairstylist uses a creme rinse in styling a client's hair d. a contractor builds a house for a landowner

Business Law question: sale of goods

Which of the following terms in a contract for the sale of goods requires the seller to insure the goods? a. FOB b. FAS c. CIF d. C&F

Business Law question

today, comparative fault statues often include assumption of risk and product misuse among the kinds of fault that are apportioned between the plaintiff and the defendant. a. true b. false

Business Law: it is difficult to recover from a party with whom he did not deal directly

In a case brought under the UCC, it is very difficult for a plaintiff to recover lost profits against a party with whom he did not deal directly. a. True b. False

Business Law: Product liability theories for a UCC merchant

For which of the following product liability theories must the seller be a UCC merchant or a party like the UCC merchant? a. implied warranty of fitness b. negligence c. section 402A d. express warranty

Business Law: Is an inspection allowed for a COD (cash on delivery) shipment?

If goods are shipped to the buyer cash on delivery (COD), the buyer must pay for the goods before inspecting them unless they are marked "inspection allowed" a. true b. false

By accepting nonconforming goods, a buyer normally

By accepting nonconforming goods, a buyer normally a. waives all remedies against the seller for the nonconformity b. is obligated to pay for the goods c. gives up any possibility of later revoking acceptance d. all of the above

Business Law question

a liquidated damages clause in a contract for any sale of goods will not be enforced when a. actual damages would be easy to prove in the event of a breach b. the amount specified is so large as to be a penalty c. the amount specified is so low as to be uncomscionable d. all of the above

One way a buyer might breach a contract for the sale of goods is by wrongfully refusing to accept them.

One way a buyer might breach a contract for the sale of goods is by wrongfully refusing to accept them. a. true b. false

Business Law question

Common carriers are not permitted to limit their liability for the damage to bailed goods. a. true b. false