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Olisa enters into a contract to buy a stove from Pay-to-Own Appliance store with the price to be paid in monthly installments. After thirty-six months of payments, Olisa has paid more than twice the price of a similar stove. Eighteen payments remain due under the contract. Refer to Fact Pattern 19-1A. Under the UCC, the court can evaluate the contract to determine whether it was
unreasonably unfair and one sided a. at the time it was made. b. at the end of its term. c. in the middle of its performance.d. at the time of Gail's suit.
Delicioso Tea Company and Savory Stores, Inc., enter into a contract for a sale of organic tea. The contract includes the term "F.O.B. River City," which is Savory's location. This means that the contract is a. a bill of lading. b. a destination contract. c. a shipment contract.d. a warehouse receipt.
Laraby, a representative for Merchandise Shipping Company, delivers a bill of lading to Caitlin, the owner of Dockside Warehouse. A bill of lading is a. an invoice for payment for loading and carting verified by a seller. b. an order to ship goods signed by a buyer. c. a receipt for goods signed by a carrier.d. a receipt issued by a warehouser for goods in a warehouse.
Suki leaves a Update-brand watch at Timepiece Sales & Repair to be fixed. Timepiece sells the watch to Vera, who does not know that the watch belongs to Suki. Suki can recover from a. no one. b. Timepiece. c. Vera. d. Update
Finished Furnishings, Inc., agrees to lease an Oak Top-brand desk to Research Resources, Inc. (RRI), which agrees to pick it up at Streetside Warehouse. Before RRI retrieves the desk, it is stolen. The loss is suffered by a. Perfect Furnishings. b. Oak Top. c. Streetside Warehouse.d. RRI.
Dragonaire Corporation contracts with Excel Trucking Company to take goods to Fly-By Airlines, Inc., with Fly-By to transport the goods to a Geo Storage Company warehouse. Excel, Fly-By, and Geo each acknowledge possession of the goods by a document of title. Excel, Fly-By, and Geo are a. bailees. b. consignees. c. lessees.d. sellers.
Crest Jewelers buys diamonds from Paramount Gems to resell with the right to return the unsold stones in lieu of payment. This is a. a bailment. b. a consignment. c. a sale on approval.d. a sale or return.
Open Road Showroom sells new and used motorcycles. Some of the motorcycles are held on consignment, including six consigned by Pedro Cycles, Inc. Like most consignments, Open Road's deal with Pedro Cycles is a. a bailment. b. a sale. c. a delivery ex-ship.d. a lease.
Screen Perfect, Inc., and Vibrant View Stores enter into a contract for a sale of 3D HD TVs with certain specifications. Screen Perfect ships TVs that are not 3D but otherwise meet the specifications. Vibrant View a. cannot reject the entire shipment. b. can reject the entire shipment. c. must accept the entire shipment.d. must reject the entire shipment.
Pie Sales Corporation orders ReadyMade-brand pies from Savory Foods Company. Savory identifies the goods. Before they are shipped to Pie Sales, an insurable interest in the goods exists in
a. Pie Sales and Savory Foods. b. ReadyMade and Savory Foods. c. Pie Sales and ReadyMade.d. all of the parties as tenants in common.
Consuelo and Gabriela enter into a contract for a sale of saxophones and other brass instruments. Consuelo delivers, but Gabriela does not pay. Consuelo can normally recover as damages
a. any profit lost minus any loss avoided. b. whatever amount the seller wishes to claim. c. the purchase price plus incidental damages.d. the market price at the place at which the seller delivered the goods.
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