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Which of the following references goods that are in some kind of storage so the seller cannot transfer physical possession of them?


A) Goods in transit
B) Goods in bailment
C) General to contract
D) Stored pending payment
E) Stored in transit

F) A) and B)
G) B) and E)

Correct Answer

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Identification of when the risk of loss attaches is important in regards to the right of indemnification.

A) True
B) False

Correct Answer

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What kind of title did Billy have?


A) Good
B) Void
C) Voidable
D) Absolute
E) Illegal

F) A) and D)
G) B) and C)

Correct Answer

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What is the most common way a sales contract is breached? Discuss the available remedies of a buyer in the event a seller does not provide goods described in the contract along with UCC provisions regarding the consequences of a revocation of the contract.

Correct Answer

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The failure to deliver goods is the most...

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List and describe good title and void title,and give an example of when void title would be passed.

Correct Answer

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Good title is title that is ac...

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