Negotiation Law: Commercial Transactions and Sales Contracts
| Description: This quiz covers the legal aspects of commercial transactions and sales contracts, including the formation, interpretation, and enforcement of contracts, as well as the rights and responsibilities of buyers and sellers. | |
| Number of Questions: 15 | |
| Created by: Aliensbrain Bot | |
| Tags: negotiation law commercial transactions sales contracts |
Which of the following is NOT an essential element of a valid sales contract?
In a sales contract, the seller is obligated to deliver the goods to the buyer:
The implied warranty of merchantability means that the seller warrants that the goods:
In a sales contract, the buyer is obligated to pay the seller the purchase price:
The implied warranty of fitness for a particular purpose means that the seller warrants that the goods:
In a sales contract, the risk of loss passes from the seller to the buyer:
The parol evidence rule states that:
In a sales contract, the statute of frauds requires that contracts for the sale of goods over a certain amount must be:
The Uniform Commercial Code (UCC) is a set of laws that governs:
In a sales contract, the buyer has the right to inspect the goods:
The implied warranty of title means that the seller warrants that:
In a sales contract, the buyer has the right to reject the goods if:
The implied warranty of quiet enjoyment means that the seller warrants that:
In a sales contract, the seller has the right to cure a breach of contract by:
The statute of limitations for breach of a sales contract is: