Test Ch 11 and 12
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Week 3 Exam #1 (Chapters 11 & 12)
Started:
Nov 6, 2013 8:52 PM
Finished:
Nov 6, 2013 11:22 PM - auto
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Week 3 Exam #1 (Chapters 11 & 12) Total Grade: 108 (of possible 140 points)
Question 1 of 140 Score: 0 (of possible 1 point)
Ramblin' Country Stables contracts to buy 1,000 horseshoes from Blacksmith, Inc., for $1 per shoe. When the market price decreases to 50 cents per shoe, Ramblin' refuses to go through with the deal. Blacksmith can recover
A.
$1,500.
B.
$1,000.
C.
$500.
D.
$0.
Answer Key: C
Question 2 of 140 Score: 1 (of possible 1 point)
Under the UCC, there are no exceptions to the perfect tender rule. True False
Answer Key: False
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Question 3 of 140 Score: 0 (of possible 1 point)
Corner Market sells groceries. Delite Food & Drug Store sells groceries and fills prescriptions. The chief responsibility to prevent unsafe food and drugs from being sold rests with
A. the Consumer Product Safety Commission.
B. no single federal agency.
C. the Federal Trade Commission.
D. the Food and Drug Administration.
Answer Key: D
Question 4 of 140 Score: 0 (of possible 1 point)
Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on
A. intelligence. B. education. C. income. D. race. Answer Key: D
Question 5 of 140 Score: 0 (of possible 1 point)
If a seller asks a buyer to store nonconforming goods overnight, then the buyer is entitled to reimbursement for the costs involved. True False
Answer Key: True
Question 6 of 140 Score: 0 (of possible 1 point)
Jean buys a bike from Mike's Bike Shop. She wants to make sure that there is a warranty of title. Jean A. does not need to do anything because warranties of
Top of Form
Reviewing Test
Week 3 Exam #1 (Chapters 11 & 12)
Started:
Nov 6, 2013 8:52 PM
Finished:
Nov 6, 2013 11:22 PM - auto
1 of 1
Week 3 Exam #1 (Chapters 11 & 12) Total Grade: 108 (of possible 140 points)
Question 1 of 140 Score: 0 (of possible 1 point)
Ramblin' Country Stables contracts to buy 1,000 horseshoes from Blacksmith, Inc., for $1 per shoe. When the market price decreases to 50 cents per shoe, Ramblin' refuses to go through with the deal. Blacksmith can recover
A.
$1,500.
B.
$1,000.
C.
$500.
D.
$0.
Answer Key: C
Question 2 of 140 Score: 1 (of possible 1 point)
Under the UCC, there are no exceptions to the perfect tender rule. True False
Answer Key: False
Review
Check to review before finishing (will be flagged in Table of Contents)
Question 3 of 140 Score: 0 (of possible 1 point)
Corner Market sells groceries. Delite Food & Drug Store sells groceries and fills prescriptions. The chief responsibility to prevent unsafe food and drugs from being sold rests with
A. the Consumer Product Safety Commission.
B. no single federal agency.
C. the Federal Trade Commission.
D. the Food and Drug Administration.
Answer Key: D
Question 4 of 140 Score: 0 (of possible 1 point)
Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit discrimination based on
A. intelligence. B. education. C. income. D. race. Answer Key: D
Question 5 of 140 Score: 0 (of possible 1 point)
If a seller asks a buyer to store nonconforming goods overnight, then the buyer is entitled to reimbursement for the costs involved. True False
Answer Key: True
Question 6 of 140 Score: 0 (of possible 1 point)
Jean buys a bike from Mike's Bike Shop. She wants to make sure that there is a warranty of title. Jean A. does not need to do anything because warranties of