TRUE/FALSE QUESTIONS. True=a; False-b 1. Under the UCC, a sale occurs when title
ID: 332692 • Letter: T
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TRUE/FALSE QUESTIONS. True=a; False-b 1. Under the UCC, a sale occurs when title passes from a seller to a buyer for a 2. The UCC governs sale of services and real estate. 3. Today, if a contract for the sale of goods is missing a term, it will not be price. enforced by a court. 4. .To be enforceable under the UCC, all sale of goods contracts must be in writing Under risk of loss, unless a contract provides otherwise, it is normally treated as a shipment contract. 5. Under destination contract, the risk of loss passes at the time and place of shipment 6. 7. For an item to be characterized as a "good", under the UCC, the item must be immovable and intangible.Explanation / Answer
1 True
This is called consideration. Consideration is must in the contract without it the contract will not be valid.
2 False
UCC does not govern sales of services and real estate but it harmonize the laws related to the sales and other business transactions.
3 False
The court has the right to enforce the contract of any term is missing.
4 False
Under the article 2 of UCC act all the contract above $500 must be in written. Then only it will be enforceable.
4 questions in one go. Pl ask the rest questions separately.
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