LENB 3135 Chapter 12: Sales and Lease Law Exam,
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If the contract does not indicate where the goods will be delivered then the place of delivery
will be one of the following; a) the ______; b) the seller's _____, if the seller has no business
location; c) the ____ of the goods, if both parties know at the time of _____ that the goods are
located somewhere other than the seller's business. - ✔✔Seller's business location;
Residence; Location; Contracting
Radio Inc. has ordered component parts from Electro Co. deliverable on January 31. On January
28, Electro Co. sends Radio an e-mail clearly stating that the parts cannot be delivered until
February 2. Later in the day on January 28 Radio contracts with another supplier for the parts.
Late on January 29, Electro Co. notifies Radio that it can supply the parts on time after all. Radio
tells Electro not to ship the parts. Has Radio breached the contract?
- Yes, because Electro Co. has retracted its repudiation
- Yes, because Radio should have spoken with Electro Co. before contracting with a new
supplier
- No, Electro could not retract the repudiation more than twenty-four hours later
- No, Electro could not have retracted after Radio contracted with the new supplier - ✔✔-
No, Electro could not have retracted after Radio contracted with the new supplier
The three types of title warranties imposed by the Uniform Commercial Code (UCC) are good
title, no liens, and:
-no liabilities.
- no warrants.
- no infringements.
- no encumbrances. - ✔✔- no infringements.
, Sid and Tony enter a contract for a sale of Sid's collection of electric guitars. Before the time for
performance, Sid tells Tony that he does not want to deliver the guitars. Has Tony breached the
contract?
-Yes, under the doctrine of anticipatory repudiation
-Yes, under the doctrine of retraction
- No, because a repudiation may be retracted
-No, because the contract time has not yet expired - ✔✔-Yes, under the doctrine of
anticipatory repudiation
True/False: A contract for the sale of a copyright is subject to Article 2. - ✔✔False
True/False: To specifically disclaim an implied warranty of merchantability, a seller must
mention the word merchantability. - ✔✔True
Every sale or lease of goods made by a merchant who deals in goods of the kind sold or leased
automatically gives rise to:
-an implied warranty disclaimer.
- an implied warranty of fitness for a particular purpose.
-an implied warranty from prior dealings or trade custom.
-an implied warranty of merchantability. - ✔✔-an implied warranty of merchantability.
True/False: When a buyer breaches a contract for the sale of goods, the seller can resell or
dispose of the goods at any time, even after collecting a judgment from the buyer. - ✔✔False
Campbell has a contract to buy a truck from Torrez. Campbell repudiates the contract while
Torrez is still in possession of the truck. Torrez sues for the contract price. Prior to collection of
the judgment, Torrez sells the truck to another buyer for a lower price than required by the
contract with Campbell. In this situation:
-Torrez must accept the loss as an unrecoverable debt.
- Torrez must accept the loss because he could not legally resell the truck.
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