Business Law Principles and Practices

Business

Quiz 17 :
The Sales Contract: Performance, Breach, and Remedies for Breach

Quiz 17 :
The Sales Contract: Performance, Breach, and Remedies for Breach

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Even if the seller tenders nonconforming goods, the buyer must accept them.
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True False
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Answer:

False

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The perfect tender rule under the UCC obligates the seller to tender goods that exactly meet the requirements of the contract.
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True False
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Answer:

True

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The buyer has the right to inspect goods before accepting them.
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True False
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Answer:

True

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An injured party may sue for only one remedy for breach of a sales contract.
True False
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Remedies for breach of contract may be included in the sales contract.
True False
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Remedies for breach of sales contract under the UCC are available only to the buyer.
True False
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A buyer may sue for breach of warranty only after notifying the seller that the goods are nonconforming.
True False
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Remedies for breach of sales contract under the UCC are intended to place the injured party in as good a position as if the contract had not been breached.
True False
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Any breach by a seller entitles the buyer to cancel the contract and sue for damages.
True False
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Only consumers who buy items from merchants have the right to cover.
True False
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If the seller breaches the sales contract, the buyer has a duty to cover.
True False
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In a breach of warranty suit, damages are the amount needed to correct the defect.
True False
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If the seller breaches the contract but no real damages occur, a court is likely to award punitive damages to the buyer.
True False
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The buyer may sue for specific performance for all sales contracts.
True False
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The seller has the right to cure the defect of any nonconforming goods that the buyer rejects.
True False
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If some part of a shipment of goods does not conform to the contract, the
Multiple Choice
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A buyer's basic duty under a sales contract includes the obligation to
Multiple Choice
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If the seller breaches a sales contract, the buyer may
Multiple Choice
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Lemon, owner of a stationery store, accepted and paid for thirty dozen computer disks from the Zanny Stationery Company. After selling some of the disks, Lemon began to get complaints that the disks were defective. Lemon's legal remedy against the Zanny Stationery Company is
Multiple Choice
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If the seller breaches the contract prior to delivery of the goods, the buyer may cancel the contract and
Multiple Choice
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