Question 1

Payment by the buyer can be made only by check.

Accepted Answer

A) True 
 B)False

Question 2

The general obligation of the seller is to tender goods and deliver them to the buyer.

Accepted Answer

A) True 
 B)False

Question 3

Match between columns
                        Premises: Shipment term for "free alongside." 
Contract where seller contracts with a carrier and releases goods to the carrier. 
Shipment term for "free on board." 
Goods delivered to a third party. 
Written negotiable instrument used for payment. 
A type of document of title. 
Contract where seller tenders goods to carrier but buyer is not responsible until received. 
Sale where buyer can return goods. 
Document that transfers ownership. 
Right to substitute or replace nonconforming goods.

Accepted Answer

The Answer of sale on approval and bill of lading is...

Question 4

Auctions are conducted only with reserve.

Accepted Answer

A) True 
 B)False

Question 5

Special types of sales under Article 2 include which of the following?

Accepted Answer

A)  Sale on approval
B)  Sale or return
C)  Consignment
D)  All of the aboveE) B) and D)
F) A) and C)

Question 6

The term free alongside is used when goods are shipped by train.

Accepted Answer

A) True 
 B)False

Question 7

The seller's obligations include which of the following?

Accepted Answer

A)  Tender to buyer
B)  Delivery to buyer
C)  a and b
D)  None of the aboveE) C) and D)
F) A) and D)

Question 8

Auction sales are conducted

Accepted Answer

A)  with reserve.
B)  without reserve.
C)  on special occasions.
D)  both a and b.E) All of the above
F) B) and D)

Question 9

Under a bulk sales transaction, the seller must

Accepted Answer

A)  prepare a list of creditors.
B)  prepare a list of transferred items.
C)  give notice of the sale to the creditors.
D)  all of the above.E) All of the above
F) B) and C)

Question 10

The general obligation of the buyer is to pay for the goods purchased from the seller.

Accepted Answer

A) True 
 B)False

Question 11

A buyer can pay by which of the following methods?

Accepted Answer

A)  Check
B)  Document of title
C)  a and b
D)  None of the aboveE) All of the above
F) C) and D)

Question 12

Delivery of goods can be made only to a common carrier.

Accepted Answer

A) True 
 B)False  False

Question 13

Goods sold on consignment

Accepted Answer

A)  can be returned.
B)  cannot be returned.
C)  all of the above.
D)  none of the above.E) A) and C)
F) None of the above

Question 14

A type of document of title is a bill of lading.

Accepted Answer

A) True 
 B)False

Question 15

Delivery by common carrier can be by

Accepted Answer

A)  ship.
B)  truck.
C)  train.
D)  all of the above.E) B) and C)
F) A) and D)

Question 16

The buyer has the responsibility to inspect goods on receipt.

Accepted Answer

A) True 
 B)False  True

Question 17

Terms used when goods are shipped by sea include which of the following?

Accepted Answer

A)  Ex-ship
B)  F.A.S.
C)  F.O.B.
D)  a and bE) A) and B)
F) None of the above D

Question 18

The right to cure occurs only if the time for performance has not passed.

Accepted Answer

A) True 
 B)False

Question 19

Delivery of goods can be by

Accepted Answer

A)  common carrier.
B)  documents of title.
C)  bailee.
D)  all of the above.E) A) and C)
F) None of the above

Question 20

A shipment contract requires delivery at a specific place and specific destination point.

Accepted Answer

A) True 
 B)False

Exam 13: Performance Under Article 2: Seller and Buyer Duties

Payment by the buyer can be made only by check.

Correct Answer
verified

The general obligation of the seller is to tender goods and deliver them to the buyer.

Correct Answer
verified

Matching:

Auctions are conducted only with reserve.

Correct Answer
verified

Special types of sales under Article 2 include which of the following?

Correct Answer
verified

The term free alongside is used when goods are shipped by train.

Correct Answer
verified

The seller's obligations include which of the following?

Correct Answer
verified

Auction sales are conducted

Correct Answer
verified

Under a bulk sales transaction, the seller must

Correct Answer
verified

The general obligation of the buyer is to pay for the goods purchased from the seller.

Correct Answer
verified

A buyer can pay by which of the following methods?

Correct Answer
verified

Delivery of goods can be made only to a common carrier.

Correct Answer
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False

Goods sold on consignment

Correct Answer
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A type of document of title is a bill of lading.

Correct Answer
verified

Delivery by common carrier can be by

Correct Answer
verified

The buyer has the responsibility to inspect goods on receipt.

Correct Answer
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True

Terms used when goods are shipped by sea include which of the following?

Correct Answer
verified
D

The right to cure occurs only if the time for performance has not passed.

Correct Answer
verified

Delivery of goods can be by

Correct Answer
verified

A shipment contract requires delivery at a specific place and specific destination point.

Correct Answer
verified

Exam 13: Performance Under Article 2: Seller and Buyer Duties

Payment by the buyer can be made only by check.

Correct AnswerverifiedShow Answer

The general obligation of the seller is to tender goods and deliver them to the buyer.

Correct AnswerverifiedShow Answer

Matching:

Auctions are conducted only with reserve.

Correct AnswerverifiedShow Answer

Special types of sales under Article 2 include which of the following?

Correct AnswerverifiedShow Answer

The term free alongside is used when goods are shipped by train.

Correct AnswerverifiedShow Answer

The seller's obligations include which of the following?

Correct AnswerverifiedShow Answer

Auction sales are conducted

Correct AnswerverifiedShow Answer

Under a bulk sales transaction, the seller must

Correct AnswerverifiedShow Answer

The general obligation of the buyer is to pay for the goods purchased from the seller.

Correct AnswerverifiedShow Answer

A buyer can pay by which of the following methods?

Correct AnswerverifiedShow Answer

Delivery of goods can be made only to a common carrier.

Correct AnswerverifiedFalse

Goods sold on consignment

Correct AnswerverifiedShow Answer

A type of document of title is a bill of lading.

Correct AnswerverifiedShow Answer

Delivery by common carrier can be by

Correct AnswerverifiedShow Answer

The buyer has the responsibility to inspect goods on receipt.

Correct AnswerverifiedTrue

Terms used when goods are shipped by sea include which of the following?

Correct AnswerverifiedD

The right to cure occurs only if the time for performance has not passed.

Correct AnswerverifiedShow Answer

Delivery of goods can be by

Correct AnswerverifiedShow Answer

A shipment contract requires delivery at a specific place and specific destination point.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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False

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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True

Correct Answer
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D

Correct Answer
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Correct Answer
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Correct Answer
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