In a shipment contract, "FOB" stands for _____.

Multiple Choice

• freight on board

• fee on board

• forbidden on board

• free on board

According to the Uniform Commercial Code (UCC), _____.

Multiple Choice

• the sale of goods costing $500 or more is not enforceable without a writing or other specified evidence

• the doctrine of promissory estoppel will always overrule a written contract

• there is no need for the formality of writing during sales transactions

• the sale of goods between two parties is always legal

The duty to mitigate damages:

Multiple Choice

• allows the non-breaching party to waive his or her right to insist on complete performance.

• requires the plaintiff to recover damages only in case of physical injuries.

• requires the plaintiff to do so without undue risk, expense, or humiliation.

• is not applicable unless the defendant had reason to foresee them at the time the contract was created.