Assignment 1 - Sales 1. Explain the difference between a sale and a lease. What articles of the Uniform Commercial Code govern each? 2. Explain the concept of Parol Evidence. 3. Explain the Perfect Tender Rule and its limitations. 4. When does a buyer have a right to reject goods? 5. What constitutes acceptance by a buyer and when can acceptance be revoked? 6. When does a seller have the right/power to transfer title? 7. When is a transfer of title void and when is it voidable? 8. What is the difference between a shipment contract and a destination contract? 9. The liability of manufacturers and sellers of goods for a defective product, or for its failure to perform adequately, may be based on what? (we covered 5 possible causes of action) 10. What are the types of warranties? Please explain each type. 11. What are the various defenses to an action based on warranty? 12. Describe the basic types of contractual provisions affecting remedies and the limitations that the Uniform Commercial Code imposes upon those provisions.