Objective: Compare and contrast common law contracts and the UCC Article 2. 19.
ID: 1092768 • Letter: O
Question
Objective: Compare and contrast common law contracts and the UCC Article 2.
19. UCC rules regarding acceptance of goods and payment regarding installment contracts mandate that
Objective: Analyze the gap filling provisions of UCC Article 2 as they pertain to the essential terms of a contract.
20. If Continental Tires agreed to purchase all of the rubber that a particular Brazilian rubber plantation could produce, this would be
Objective: Analyze the gap filling provisions of UCC Article 2 as they pertain to the essential terms of a contract.
21. Which of the following is not true regarding a firm offer?
Objective: Analyze the scope and limitations of remedies for contract breaches.
22. If a party has been delivered nonconforming goods and has rejected them, if they are forced to cover in order to maintain business operations, they may sue the seller for
Explanation / Answer
1) 2) acceptance is made separately for each shipment; however, payment is not due until the final shipment is received
2) 3)a requirements contracT
3) 3) Firm offers only occur between merchants.
4) 1) the difference in price plus consequential damages
5) 4) The warranty of fitness for a particular purpose
6) 4)FTC regulations
7) 2) the moderate view also known as government's hand theory
8) 4) Managing values in Harry's workplace will cultivate greater sensitivity to the impact of the company's values and messages.
9) 1) Brenda is guilty of bribery whether the manager accepts or not because the offer constitutes the crime.
10) 3) Stewart was found guilty because even though his subordinates hid the problem from him, they did so in the normal course of business making senior management liable.
11) 2) blue sky
12) 1) With regard to financial reporting, SOX requires that the Chief Executive Officer and Chief Financial Officer personally certify the accuracy of all SEC filings.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.