What is a sales contract?
All of the following are features of sales contracts except:
What source of law governs sales contracts?
- Common Law.
- The Uniform Commercial Code.
- Statutory Law.
- Federal Law.
What is the definition of a good?
Distinguish a shipment contract from a destination contract.
What is a warranty in a sales contract?
Describe the difference between an express and implied warranty.
Examples of a defect in a breach of the implied warranty of merchantability, include all of the following except:
- Design defect.
- Manufacturing defect.
- Inadequate instructions.
- Product defect.
The following are possible remedies to buyers under the UCC:
- Cancel the contract.
- Obtain Cover.
- All of the above.
What is a breach of warranty?