Under the UCC Sales Article, which of the following statements is correct concerning a contract involving a merchant seller and a non-merchant buyer? a. Whether the UCC Sales Article is applicable does not depend on the price of the goods involved. b. The contract will be either a sale or...
Under the Sales Article of the UCC, which of the following events will result in the risk of loss passing from a merchant seller to a buyer? Tender of the goods at the seller's place of business Use of the seller's truck to deliver the goods a. Yes No b. Yes Yes c. No No d....
Under the Sales Article of the UCC, which of the following circumstances will relieve a buyer from the obligation of accepting a tender or delivery of goods? I. If the goods do not meet the buyer's needs at the time of the tender or delivery. II. If the goods at the time of the ...
Under the Sales Article of the UCC, which of the following circumstances best describes how the implied warranty of fitness for a particular purpose arises in a sale of goods transaction? a. The buyer is purchasing the goods for a particular purpose and is relying on the seller's skill or ...
Under the Commercial Paper Article of the UCC, which of the following statements best describes the effect of a person endorsing a check "without recourse?" a. The person makes no promise or guarantee of payment on dishonor. b. The person gives no warranty protection to later transferees. c...
Under the Commercial Paper Article of the UCC, which of the following requirements must be met for a person to be a holder in due course of a promissory note? a. The holder must be the payee of the note. b. The note must be payable to bearer. c. All prior holders must have been...
Louisiana did not adopt Article 2 of the Uniform Commercial Code (UCC) as written. The state also did not adopt Article 2A, which covers the lease and rental of personal property not regarded as real estate.2 California has made some modifications as well, implementing its own version of the...
Under the Negotiable Instruments Article of the UCC, which of the following defenses generally may be used against all holders of negotiable instruments? A. Minority of the maker. B. Breach of warranty. C. Lack of consideration. D. Fraud in the inducement. 相关知识点: 试题来源: 解析 A ...
Under the Negotiable Instruments Article of the UCC, which of the following parties has secondary liability on an instrument? A. An acceptor of a note. B. An issuer of a cashier’s check. C. A drawer of a draft. D. A maker of a note. 相关知识点: 试题来源: 解析 C 略 反馈 ...
题目 Under the Commercial Paper Article of the UCC, which of the following documents would be considered an order to pay? I. Draft. II. Certificate of deposit. a. Both I and II. b. Neither I nor II. c. I only. d. II only. 相关知识点: 试题来源: 解析 C 略 反馈 收藏 ...