1. To be enforceable under UCC Article Two, a contract for the sale of goods must state which of the following terms:

Group of answer choices

The terms for payment of the purchase price.

The place for delivery of the goods.

The time for passage of the risk of loss.

The quantity of goods to be sold.

2. Max, a merchant, distributes a printed flyer on the windshields of the congregation of his church. The flyer reads: "We are selling Thanksgiving Turkeys at Max's Maxi-Market for only 19 per pound. This offer is good until November 26." Under UCC Article Two which of the following is CORRECT?

Group of answer choices

Max has made a firm offer.

Max can withdraw this offer since none of the congregation members has given consideration to keep this offer open.

The flyer is not an offer, it is an invitation.

The offer must be held open for at least 3 months.

3. Alpha Company, a business firm based in California, advertises its products on the Web to customers in all 50 states. In which of the following cases would a court in New Jersey be MOST LIKELY to exercise personal jurisdiction over Alpha under its long arm jurisdiction state (and U.S. constitutional law)?

Group of answer choices

None of the other answers describe proper grounds for personal jurisdiction in New Jersey.

Alpha only advertised without interactivity at its Web site.

Alpha conducted substantial business with New Jersey residents through its Web site.

Alpha interacted with New Jersey residents through its Web site.

4. Dana is a resident of New Hampshire who sells lawn furniture made from recycled milk jugs in all 50 states. While in the state of Vermont, Dana enters into a contract with Heather, a resident of Vermont. When Dana breaches the contract, Heather files a suit against Dana in Vermont (the home state of the plaintiff in the case, Heather). Regarding Dana, Vermont state courts:

Group of answer choices

Can exercise personal jurisdiction under Vermonts long arm jurisdiction statute.

Cannot exercise jurisdiction.

Can exercise diversity jurisdiction because Heather and Dana are from different states.

Will not have subject matter jurisdiction

5. When negotiating contracts with consumers, employees, and other businesses, which of the following is the best approach in the long-run?

Group of answer choices

Take all steps to maximize profits through this particular contract or arbitration clause.

Take the negotiation position that what you are creating is a relationship, that needs to be bound by rules creating proper incentives for both sides to perform as expected, with the hope that both sides will see the advantages of continuing this relationship.

Acquire as much information on your own as possible, and never divulge any information to the other side.

Give the other side exactly what they want, because you need to make sure that they will want to continue to do business with you in the future.