By contract law and the Uniform Commercial Code Article 2, the sale of electricity before it arrives at the home meter is considered a contract of sale of ________ while the sale of electricity after it passes through the home meter is considered a sale of _________.

A.) goods, services

B.) services, goods

Which of the following areas is/are treated differently in the international law known as the Contracts for International Sales of Goods (CISG) from the rules for similar siutations(s) in the Uniform Commercial Code Article 2?

A.) parol evence ryke

B.) Statute of Frauds

C.) Battle of the Forms concerning offer and acceptance

D.) All of the above situations are treated differently in the CISG than in the UCC Article 2

In which of the following situations would a bank check marked "payment in full" for services actually result in a full discharge of the debtor?

a. ) when the debt is considered "liquidated"

b. ) when the debt is "unliquidated" (partly or totally contested by the debtor)

c. ) both a and b

In which kind of contract for the sale of goods will the risk of loss during shipment will be on the buyer rather than the seller?

A.) when it is considered to be a "destination contract"

B.) when it is considered to be a "shipment contract"

C.) No answer text provided.

D.) No answer text provided.

The type of contract money damages for loss of business profits that would result if a shipment of holiday items arrived to a store that arrived too late to be sold for the holiday season would best be considered

A.) compensatory damages

B.) consequential damages

C.) liquidated damages

D.) nominal damages

The right of a party in a contract for sale of goods under the Uniform Commercial Code to request assurances of performance from the other party whose performance has become doubtful is known as

A.) mutual recisision

B.) accord and satisfaction

C.) parol evidence

D.) anticipatory repudiation

Under the Uniform Commercial Code Article 2, a purchaser who buys from a merchant dealer in good faith could obtain good title ownership of goods they paid for even though the retailer may have been only "entrusted "with the goods by the actual owner (such as for repair or maintenanc) )and never had the owner's permission to sell the goods.

True

False