Exam (elaborations)
BUS 263 Final - CACC – Congiardo Exam Questions And Answers
- Course
- Institution
BUS 263 Final - CACC – Congiardo Exam Questions And Answers
[Show more]
Content preview
BUS 263 Final - CACC – CongiardoExam Questions And Answers
If Sue contracts to purchase marks auto, only Sue needs to make a
tender of performance -
correct answer ✅True
Before bringing suit on a contract for sale of goods the buyer must first
make tender of delivery -
correct answer ✅False
Before bringing suit on a contract for sale of goods the seller must first
make a tender of payment -
correct answer ✅False
Sonias warehouse is holding Joes goods. Joe is selling the goods to
Monique. If Sonia tells Monique that she may pick up the goods tender
by the seller has occured -
correct answer ✅True
A commercial unit is a single whole for the purpose of sale the division
of which impairs its character or value on the market -
correct answer ✅True
In a COD shipment, if the buyer has paid for what turns out to be
defective goods, the buyer has made a binding acceptance of the goods
-
correct answer ✅False
,BUS 263 Final - CACC – Congiardo
Exam Questions And Answers
A buyer may revoke acceptance of nonconforming goods if the
acceptance was made on the assumption that their nonconformity
would be corrected by the seller and the seller does not do so -
correct answer ✅True
The implied warranty of merchantability provides that whenever a
merchant sells goods, the merchant warrants that the goods are
reasonably fit for the purpose for which they are sold -
correct answer ✅True
An express warranty must be in writing -
correct answer ✅False
The phrase sold as is will exclude express warranties -
correct answer ✅False
? Is money that may be offered legally in satisfaction of a debt and that
must be accepted by a creditor when offered -
correct answer ✅Legal Tender
When a buyer has a right to inspect goods, the right usually must be
exercised: -
correct answer ✅Before accepting the goods
,BUS 263 Final - CACC – Congiardo
Exam Questions And Answers
Which of the following is true of rejection of goods by the buyer? -
correct answer ✅A buyer must reject the goods within a reasonable
time after delivery or tender to the buyer
In a written Contract, Hogan agrees to sell Jason kitchen cabinets and to
deliver them before Dec. 21. On October 17, Hogan tells Jason that he
will not sell him the cabinets. Which of the following is true in this
situation? -
correct answer ✅Jason can sue Hogan for breach of contract
immediately.
? Are reasonable expenses that indirectly result from the breach, such
as mitigation expenses incurred in stopping delivery of goods,
transporting goods, and caring for goods after the buyer's breach -
correct answer ✅Incidental damages
Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve
party. However, Haddock fails to deliver the cupcakes as per the
schedule mentioned in the contract, and does not send any notification
to Gerald. Gerald orders the cupcakes from Marlene's Cakes that
evening. This is an example of which of the following? -
correct answer ✅Covering the sale
, BUS 263 Final - CACC – Congiardo
Exam Questions And Answers
Jess buys a microwave oven with a manufacturer's full one-year
warranty. If Jess discovers that the microwave oven does not work
properly during this time, the manufacturer is obligated to: -
correct answer ✅Fix or replace the microwave for free
A/an ? Is any written warranty that does not meet all of the
requirements for a full warranty. -
correct answer ✅Limited warranty
Lori went into an electronics store that had a sign posted on the wall
declaring all sales final. She told the sales person that she was looking
for a radio headset that she could wear while working out in her health
club. The salesperson selected a headset and told Lori that it would get
good reception even in her fitness center. When Lori tried to use the
headset the next day, she found that she could not get any stations and
only heard static. Which of the following is true of this situation? -
correct answer ✅Lori can claim a refund on the basis of an implied
warranty of fitness for a particular purpose created by the salesperson
Samantha purchased a used computer system from Office Rental Inc.
who was updating its computers. Later Big Bank asserted the right to
repossess the used computer system from Samantha since it had a lien
on all of Office Rentals business equipments that secured an unpaid
loan. Samantha was unaware of this lien. What are Samanthas legal
rights? -
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Chloelunar. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now