Question: 1. When no documents of title are required, title does not pass. True False 2. A letter of credit is independent of the underlying contract

1. When no documents of title are required, title does not pass.

True

False

2. A letter of credit is independent of the underlying contract between a buyer and seller, requiring the issuer to ascertain whether the contractual conditions have been met.

True

False

3. An action for breach of warranty accrues when

	a.	the non-breaching party notifies the breaching party of the cause.
	b.	the action is commenced.
	c.	the buyer or lessee is made aware of the breach.
	d.	the seller or lessor tenders delivery of the goods.

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