Question 1

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

Accepted Answer

The general obligation of the seller in a sales contract is to provide and deliver the goods to the buyer.

Question 2

Under a bulk sales transaction, the seller must&#10;A)prepare a list of creditors.&#10;B)prepare a list of transferred items.&#10;C)give notice of the sale to the creditors.&#10;D)all of the above.

Accepted Answer

Under a bulk sales transaction, the seller must prepare a list of creditors, a list of transferred items, and give notice of the sale to the creditors. Therefore, all of the above options are correct.

Question 3

An inspection often occurs&#10;A)when goods are delivered.&#10;B)after use.&#10;C)in transit.&#10;D)at the dock.

Accepted Answer

An inspection often occurs when goods are delivered in order to ensure that they are in good condition and meet the agreed-upon specifications.

Question 4

Goods sold on consignment&#10;A)can be returned.&#10;B)cannot be returned.&#10;C)all of the above.&#10;D)none of the above.

Accepted Answer

Goods sold on consignment can be returned by the consignor if they are not sold within the agreed-upon timeframe or if they are damaged or unsold.

Question 5

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

Accepted Answer

A shipment contract requires the seller to arrange for the goods to be shipped to the buyer but does not necessarily require delivery at a specific place or destination point; that is characteristic of a destination contract.

Question 6

Delivery of goods can be by&#10;A)common carrier.&#10;B)documents of title.&#10;C)bailee.&#10;D)all of the above.

Accepted Answer

Delivery of goods can be made through a common carrier, using documents of title, or through a bailee. Therefore, all of the above options are correct.

Question 7

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

Accepted Answer

As per the basic principles of sales, the general obligation of the buyer is to pay for the goods purchased from the seller.

Question 8

Payment by the buyer can be made only by check.

Accepted Answer

Payment by the buyer can be made by various methods such as cash, credit card, online payment, bank transfer, etc. It is not limited to check only.

Question 9

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

Accepted Answer

The right to cure allows the party in breach to remedy their performance within a specified period of time, but this right is only applicable if the time for performance has not yet passed. Once the time for performance has passed, the right to cure is no longer available.

Question 10

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

Accepted Answer

A bill of lading serves as a receipt for goods that have been shipped and also as a contract for the delivery of the goods to their destination. It is a type of document of title that represents ownership of the goods being transported.

Question 11

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

Accepted Answer

The answer of The term free alongside is used when...

Question 12

Special types of sales under Article 2 include which of the following?&#10;A)Sale on approval&#10;B)Sale or return&#10;C)Consignment&#10;D)All of the above

Accepted Answer

The answer of Special types of sales under Article 2...

Question 13

Delivery by common carrier can be by&#10;A)ship.&#10;B)truck.&#10;C)train.&#10;D)all of the above.

Accepted Answer

The answer of Delivery by common carrier can be by&#10;A)ship.&#10;B)truck.&#10;C)train.&#10;D)all...

Question 14

The seller's obligations include which of the following?&#10;A)Tender to buyer&#10;B)Delivery to buyer&#10;C)a and b&#10;D)None of the above

Accepted Answer

The answer of The seller's obligations include which of the...

Question 15

A buyer can pay by which of the following methods?&#10;A)Check&#10;B)Document of title&#10;C)a and b&#10;D)None of the above

Accepted Answer

The answer of A buyer can pay by which of...

Question 16

Auctions are conducted only with reserve.

Accepted Answer

The answer of Auctions are conducted only with reserve....

Question 17

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

Accepted Answer

The answer of Delivery of goods can be made only...

Question 18

Terms used when goods are shipped by sea include which of the following?&#10;A)Ex-ship&#10;B)F.A.S.&#10;C)F.O.B.&#10;D)a and b

Accepted Answer

The answer of Terms used when goods are shipped by...

Question 19

The buyer has the responsibility to inspect goods on receipt.

Accepted Answer

The answer of The buyer has the responsibility to inspect...

Question 20

Auction sales are conducted&#10;A)with reserve.&#10;B)without reserve.&#10;C)on special occasions.&#10;D)both a and b.

Accepted Answer

The answer of Auction sales are conducted&#10;A)with reserve.&#10;B)without reserve.&#10;C)on special...

Question 21

Match between columns&#10;                        Premises: Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Shipment term for &#34;free alongside.&#34; &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Contract where seller contracts with a carrier and releases goods to the carrier. &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Shipment term for &#34;free on board.&#34; &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Goods delivered to a third party. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;Written negotiable instrument used for payment. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;A type of document of title. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Contract where seller tenders goods to carrier but buyer is not responsible until received. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Sale where buyer can return goods. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Document that transfers ownership. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods. &#10;Right to substitute or replace nonconforming goods.

Accepted Answer

The Answer of shipment contract and bill of lading and is...

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