Which of the following contracts is an example of future goods?
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A business purchases an airplane from an airplane manufactur…
A business purchases an airplane from an airplane manufacturer. The business obtains a loan to purchase the airplane from a bank, which obtains a security interest in the airplane. The airplane manufacturer is paid for the airplane out of the proceeds of the loan. This is a(n) ________ transaction.
Nebula Crystals, a firm in New York that manufactures crysta…
Nebula Crystals, a firm in New York that manufactures crystal figurines, was contracted by Ruth from Florida to deliver a thousand such crystal figurines. The contract required the firm to deliver and tender the goods alongside the vessel SS Dew Express at the New York harbor. Which of the following shipment term expresses such conditions?
Which of the following is true of a guarantor in a guaranty…
Which of the following is true of a guarantor in a guaranty arrangement?
In a lease transaction, title to the leased goods passes to…
In a lease transaction, title to the leased goods passes to the lessee.
Under the consumer expectation test, if a person were injure…
Under the consumer expectation test, if a person were injured by eating a nail in a cherry pie, then the implied warranty would be breached.
Tara lost a large sum of money to Judy when she invested in…
Tara lost a large sum of money to Judy when she invested in what she alleged was a fraudulent investment scheme run by Judy. As a result, Tara sued Judy for fraud. However, as it would take more than a year before the case was heard, Tara was afraid that Judy would transfer any money or property she had to avoid having to pay a judgment if she lost at trial. Which of the following would help Tara stop Judy from doing so?
Mirror image rule is more liberal than UCC 2-207(1).
Mirror image rule is more liberal than UCC 2-207(1).
Blue Rorschach Inc. has an immediate requirement for 80 lapt…
Blue Rorschach Inc. has an immediate requirement for 80 laptops and contracts with Zenzo Electronics for 80 Dell laptops at $550 each. However, Zenzo Electronics breaches the contract and fails to deliver the laptops. Blue Rorschach then immediately contracts Dell Computers, buys 100 laptops at $600 per laptop and then sues Zenzo Electronics for the breach of contract.What legal right to remedy did Blue Rorschach exercise when contracting Dell Computers and suing Zenzo for failure of delivery of goods?
Monty, a career criminal, steals a diamond from Prime Cut Je…
Monty, a career criminal, steals a diamond from Prime Cut Jewelers. He then sells it to Adamas Jewelers, who is unaware of the stolen nature of the diamond. If Prime Cut discovers that the diamond is with Adamas, and reclaims the diamond, what warranty breach can Adamas declare to recover the cost from Monty?