1. Title is one concept that the UCC has substituted for the common law concept of risk of loss.

A) True

B) False

2. If a contract specifies a certain carrier, a substitution of a different carrier for any reason breaches the contract.

A) True

B) False

3. Unless the parties agree otherwise, the buyer must make payment at the time and place that the goods are received.

A) True

B) False

4. An express warranty cannot be limited.

A) True

B) False

5. A contract can contain both a warranty of merchantability and a warranty of fitness for a particular purpose.

A) True

B) False

6. To be negotiable, an instrument must be payable in money.

A) True

B) False

7. Nina wants to transfer a check to Opie. The check is not defective if it

A) has an obvious irregularity on its face.

B) has been previously honored.

C) is incomplete so that an element of negotiability is lacking.

D) is overdue.

8. A security interest cannot be perfected without the filing of a financing statement.

A) True

B) False

9. All of a debtor's pay can be garnished.

A) True

B) False

10. A debtor's car may be exempt from satisfaction of a judgment debt.

A) True

B) False

11. Federal law governs unions' internal business procedures.

A) True

B) False

12. Most franchise agreements provide that termination must be "for cause."

A) True

B) False