Posted: July 20th, 2016

a lawsuit for breach of a sales contract must be filed?

Question 7
Under the UCC, a lawsuit for breach of a sales contract must be filed:
A. as soon as the breach is detected.
B. within four years after the breach occurs.
C. within ten years after the breach occurs.
D. none of the above

Question 8
If a buyer has a basis for rejecting a delivery of goods, the buyer must act within a reasonable time, but does not need to give the seller notice of rejection.
True
False

Question 9
The following have capacity to be an agent:
A. a minor.
B. partnerships.
C. corporations.
D. all of the above

Question 10
Kyle, a manufacturer of cribs and various kinds of furniture for children, sold 100 cribs to Tara, the owner and operator of a store that specialized in the sale of such items. The sale was accomplished pursuant to a typewritten contract entered into by both parties. You are to assume that the implied warranties of merchantability and fitness for a particular purpose would apply to the transaction, unless such warranties were effectively disclaimed. The parties typewritten contract included, in a prominent position, a term that was in all capital letters, unlike the rest of contract, which was in standard type. The term read: Seller hereby disclaims all implied warranties. On these facts, Kyle has probably made an effective disclaimer of:
A. A. the implied warranty of merchantability and the implied warranty of fitness for a particular purpose.
B. neither the implied warranty of merchantability nor the implied warranty of fitness for a particular purpose.
C. the implied warranty of fitness for a particular purpose, but not the implied warranty of merchantability.
D. The implied warranty of merchantability, but not the implied warranty of fitness for a particular purpose.