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LEB 320F Unit 5 Exam Questions and Answers 100% Solved | Graded A+ $11.49
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LEB 320F Unit 5 Exam Questions and Answers 100% Solved | Graded A+
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LEB 320F Unit 5 Exam Questions and Answers 100% Solved | Graded A+ What is Article 2 of the UCC? - deals with the sale of goods, and rules for contracts selling goods What does a sale of goods contract not pertain to? - temporary possession of the goods (such as leases) or gifts What is a req...

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  • December 14, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • LEB 320F

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LEB 320F Unit 5 Exam Questions and

Answers 100% Solved | Graded A+


What is Article 2 of the UCC? - ✔✔deals with the sale of goods, and rules

for contracts selling goods

What does a sale of goods contract not pertain to? - ✔✔temporary

possession of the goods (such as leases) or gifts

What is a requirement to specify that something is a good under the UCC?

- ✔✔It must be tangible and movable

Are sales of minerals or structures sales of goods? - ✔✔only if they are to

be severed form the land without material harm to the real estate;

otherwise they are sales of real estate

Name 3 special goods classifications. - ✔✔Unborn animals, money -

collectible coins etc, and things specially manufactured for a buyer (vs a

service)

How do we distinguish a good from a service? - ✔✔Is the predominant

factor, thrust, and purpose of the transaction as a selling a good or

supplying a service?

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,Ex. Giving blood to a patient, dying a person's hair

Rottner v. Avg Technologies Inc - premise - ✔✔Rottner downloads

PCTuneUp, but it slows down his computer and destroys his hard drive. He

sues under the USS and Avg technologies moves to dismiss, saying that

their product is not a good

Rottner v. Avg Technologies Inc - outcome - ✔✔the sale of a software

package has been classified as the sale of a good for UCC purposes.

motion to dismiss denied.

What is a merchant? - ✔✔One who "deals in goods of the kind" that are

involved. if a person does not regularly "deal" in a particular type of goods,

he is nevertheless a merchant if he "by his occupation holds himself out as

having knowledge or skill peculiar to the practices or goods involved in the

transaction." (ex. Building contractor). One is also a merchant if he or she

employs a merchant to act in his or her behalf in a transaction. Essentially if

you have a degree of commercial expertise not found in a member of the

general public you're a merchant

Brooks Cotton v. Williams - premise - ✔✔Farmer Williams orally agrees to

sell 1206 bales of cotton to Brooks Cotton but cannot deliver the entire

order. Brooks Cotton sues. Williams says it's unenforceable because


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, because it was not in writing as required by the UCC's statute of frauds

provision. However, Brooks Cotton sent written confirmation of the alleged

agreement to Williams within 30 days after the oral agreement. Because

Williams did not object or respond to the written confirmation, the oral

agreement for sale of goods is enforceable, but only if both parties to the

contract are merchants. The trial court held in ruling on a summary

judgment motion that Williams was a merchant. He appealed.

Brooks Cotton v. Williams - outcome - ✔✔A farmer may be considered a

merchant when the farmer possesses sufficient expertise in not only the

cultivation, but also the sale of crops. Williams was not a farmer-merchant

and therefore the judgement is reversed and remanded

Under what article of the UCC are leases governed? - ✔✔A true lease is

governed by bailment law, while a lease intended as security for a loan is

subject to UCC Article 9 and 2A.

This is decided by the structure of the lease

What are the lessor's remedies under the UCC article 2A? - ✔✔If the

lessee breaches the lease by failing to make payments when due, the

lessor can cancel the lease, repossess, and collect damages




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