Under Article 2, which statement below is most correct with regard to who holds an interest in the goods?

	a.	Article 2 demands that only one party holds interests in the goods.
	b.	Multiple parties cannot hold an interest in the same goods at the same time.
	c.	Article 2 allows multiple parties to hold an interest in the same goods at the same time.
	d.	Article 2 defines when interests in goods must shift from seller to buyer. Parties cannot make this decision

Assume Seller and Buyer are located in different cities and must be transport to Buyers location. The contract for the sale of goods is silent on who bears the risk of loss in transit. Regarding this issue, Article 2 provides ___________ .

	a.	this is a transit contract, so both Seller and Buyer equally bear the risk of loss.
	b.	this is a destination contract by default, so Seller bears the risk of loss.
	c.	this is a shipment contract by default. So Buyer bears the risk of loss.
	d.	only the common carrier bears the risk of loss while the goods are in transit, not Seller or Buyer.

A buyer under 18 (a minor) purchases an expensive guitar. In this transaction, the buyer gets _________ to the guitar.

	a.	No title as she is not an adult so has no power to enter into a contract.
	b.	possessory title
	c.	void
	d.	voidable title

Seller in Houston sells computers to a buyer in Dallas. The sales contract states, FOB Houston. What is the effect of this clause?

	a.	FOB is confusing :( so I will look at the Practice Quiz before my second take on this quiz.
	b.	Goods are shipped in bottles, and the term tells trucking company to be careful with full of bottles goods.
	c.	Buyer bears the risk of loss while goods are in transit from Seller.
	d.	Seller bears the risk of loss while goods are in transit to Buyer.