Law chapter 15 review

Article 2 of the UCC covers the sale of tangible goods only

The UCC requires any acceptance to adhere to the “mirror image” rule.

The sale of both goods and services are covered by Article 2 of the UCC.

A contract with open quantity terms will never be valid

Under the UCC, an oral “merchant’s firm offer” is irrevocable for the time stated or no more than 3 months if no time is stated.

One must have title to the goods in order to have an insurable interest.

The Statute of Frauds requires all sales contracts to be in writing in order to be enforceable.

Generally, under the UCC, consideration is not required for a modification of a contract for the sale of goods to be valid.

The parol evidence rule prohibits any testimony concerning the terms of a written contract

An unconscionable contract may be avoided with court intervention under the UCC

Once title to the goods passes to the buyer, the seller no longer has an insurable interest in the goods.

The default contract under the UCC is a destination contract

A conditional acceptance by the offeree is considered a counteroffer

An offer to purchase may be accepted by shipping conforming or Non-conforming goods

Fungible goods are goods that are alike by agreement, physical Nature or trade usage

The General purpose of the UCC is to

An offer that is accepted by shipping non-conforming goods is

Shipping non-conforming goods as an accommodation will

Contracts that violate the Statute of Frauds will be enforceable if

The subject matter of a sale of goods may be

The sale provisions of Article 2 of the UCC apply to

Partial performance has been rendered

Generally, which of the following open terms would result in no enforceable contract?

A merchant is one who

Under the UCC, a modification to a contract requires no consideration as long as