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| 1 | |
Unless the seller demands cash, a buyer may pay for goods by personal check or any other method used in the ordinary course of business. |
| | A) | True |
| | B) | False |
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| 2 | |
Under the UCC (the Code), consideration is not required to support a modification or rescission of a contract for the sale of goods. |
| | A) | True |
| | B) | False |
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| 3 | |
The Code prohibits the buyer or seller to delegate his duties to someone else. |
| | A) | True |
| | B) | False |
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| 4 | |
If the shipping terms are cash on delivery (COD), then the buyer must pay for the goods before inspecting them unless they are marked "inspection allowed." |
| | A) | True |
| | B) | False |
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| 5 | |
Under the Code, in order to reject the goods, the buyer must notify the seller of the rejection and specify the defect or nonconformity. |
| | A) | True |
| | B) | False |
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| 6 | |
Under the Code, buyers cannot revoke or undo their acceptance. |
| | A) | True |
| | B) | False |
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| 7 | |
Under the Code, if the goods required for the performance of the contract are destroyed without fault of either party before delivery, the seller must still perform under the contract. |
| | A) | True |
| | B) | False |
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| 8 | |
If the goods delivered by the seller do not conform to the contract, the buyer may: |
| | A) | reject all the goods |
| | B) | accept any commercial units and reject the rest |
| | C) | both A and B |
| | D) | None of the above |
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| 9 | |
Which of the following statements is not true concerning acceptance of goods? |
| | A) | If the buyer accepts goods, he may not later reject them unless he believed at time of acceptance that any nonconforming goods would be cured. |
| | B) | If a buyer accepts only part of the goods, he must pay for that part at the agreed upon rate. |
| | C) | A buyer may never revoke an acceptance of goods covered by the UCC. |
| | D) | If a buyer chooses to revoke nonconforming goods, he must do so within a reasonable time following discovery of the nonconformity. |
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| 10 | |
If a seller delivers nonconforming goods, the buyer may: |
| | A) | reject all of the goods. |
| | B) | accept all of the goods. |
| | C) | accept any commercial units and reject the remainder. |
| | D) | Any of the above |
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