17.The UCC holds a merchant Group of answer choices -to a higher standard than a non-merchant -to the same standard as a non merchant -to whatever standard the parties agree to -the UCC does not address the status of merchants 18.What is the most accurate statement about the Uniform Commercial Code? Group of answer choices -It has been adopted as advisory in most states -it has been adopted almost in its entirety as a statute in every state -Some states have adopted as a statute, others have not -it is only an academic code, it does not have the force of law 19. The UCC defines “sale” as Group of answer choices -a contract for the sale of goods -a sales agreement between merchants -the passing of title from the seller to the buyer for a price -the UCC does not define sale
17.The UCC holds a merchant Group of answer choices -to a higher standard than a non-merchant -to the same standard as a non merchant -to whatever standard the parties agree to -the UCC does not address the status of merchants 18.What is the most accurate statement about the Uniform Commercial Code? Group of answer choices -It has been adopted as advisory in most states -it has been adopted almost in its entirety as a statute in every state -Some states have adopted as a statute, others have not -it is only an academic code, it does not have the force of law 19. The UCC defines “sale” as Group of answer choices -a contract for the sale of goods -a sales agreement between merchants -the passing of title from the seller to the buyer for a price -the UCC does not define sale
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
17.The UCC holds a merchant
Group of answer choices
-to a higher standard than a non-merchant
-to the same standard as a non merchant
-to whatever standard the parties agree to
-the UCC does not address the status of merchants
18.What is the most accurate statement about the Uniform Commercial Code?
Group of answer choices
-It has been adopted as advisory in most states
-it has been adopted almost in its entirety as a statute in every state
-Some states have adopted as a statute, others have not
-it is only an academic code, it does not have the force of law
19. The UCC defines “sale” as
Group of answer choices
-a contract for the sale of goods
-a sales agreement between merchants
-the passing of title from the seller to the buyer for a price
-the UCC does not define sale
20.To be a “good” an item must be
Group of answer choices
-tangible and movable
-fungible
-not permanently attached to real property
-of good quality
21.It is the obligation of the seller in a sales contract to
Group of answer choices
-deliver title
-honor the contract
-tender delivery of conforming goods
-give a warranty of title
22.Ghazi has received a shipment of goods, but determined that 20% of the goods are defective. Under the Perfect Tender Rule, she can
Group of answer choices
accept the entire order
-reject the entire order
-keep the conforming goods and return the defective ones
-all of the above.
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