Skip to ContentGo to accessibility pageKeyboard shortcuts menu
OpenStax Logo
Business Law I Essentials

Assessment Questions

Business Law I EssentialsAssessment Questions


What is a sales contract?


All of the following are features of sales contracts except:

  1. Consensual.
  2. Bilateral.
  3. Cumulative.
  4. Principal.

What source of law governs sales contracts?

  1. Common Law.
  2. The Uniform Commercial Code.
  3. Statutory Law.
  4. 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:

  1. Design defect.
  2. Manufacturing defect.
  3. Inadequate instructions.
  4. Product defect.

The following are possible remedies to buyers under the UCC:

  1. Cancel the contract.
  2. Obtain Cover.
  3. Sue.
  4. All of the above.

What is a breach of warranty?

Order a print copy

As an Amazon Associate we earn from qualifying purchases.


This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax's permission.

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution-NonCommercial-ShareAlike License and you must attribute OpenStax.

Attribution information
  • If you are redistributing all or part of this book in a print format, then you must include on every physical page the following attribution:
    Access for free at
  • If you are redistributing all or part of this book in a digital format, then you must include on every digital page view the following attribution:
    Access for free at
Citation information

© Mar 31, 2023 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.