True/False
Indicate whether the sentence or statement is true
or false.
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1.
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Article 2 of the UCC governs the sale of goods.
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2.
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Under
the UCC, a sale occurs when title passes from a seller to a buyer for a price.
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3.
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For
an item to be characterized as a "good" under the UCC, it must be intangible.
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4.
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A
contract for the sale of minerals is considered to be a contract for the sale of goods if the
severance is to be made by the buyer.
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5.
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A
sale of a fixture is always considered a sale of realty.
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6.
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The
UCC imposes some different rules of conduct on merchants and consumers.
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7.
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Under
the UCC, a merchant who sells one type of good will be considered a merchant for any other type of
good that he or she may sell.
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8.
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Article 2A applies only to consumer leases.
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9.
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A
lease agreement is the lessor and lessee's bargain.
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10.
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If a
contract for a sale of goods does not include a price term, it may still be
enforceable.
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11.
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If a
contract for a sale of goods does not include the terms for payment, there is no basis for enforcing
it.
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12.
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The
UCC imposes a good faith limitation on output contracts.
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13.
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When
an offer does not specify a means of acceptance, it can be accepted by any means reasonable under the
circumstances.
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14.
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Under
the mirror image rule, an offer must be accepted in its entirety without modification or reservation
or else no contract can be formed.
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15.
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If a
nonmerchant's offer expressly conditions acceptance on a nonmerchant's agreement to the
terms of the offer, a positive response may constitute an acceptance even if it contains additional
terms.
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16.
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Under
the UCC, an agreement modifying a contract needs no consideration to be binding.
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17.
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No
oral contract is enforceable under the UCC.
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18.
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An
oral contract for goods that are specially manufactured for a particular buyer may be
enforceable.
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19.
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A
court can refuse to enforce a contract that the court deems to have been unconscionable at the time
it was made.
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20.
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In
effect, the United Nations Convention on Contracts for the International Sale of Goods requires that
the terms of the acceptance mirror those of the offer.
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