True/False
Indicate whether the
statement is true or false.
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1.
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Under the UCC, a sale of goods will be considered valid only if the goods are
paid for with money.
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2.
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A copyright is an example of property that does not come under Article 2.
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3.
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The UCC governs sales of services.
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4.
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If a seller is to remove a structure attached to land, the sale of the structure
is treated as one involving goods.
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5.
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In a contract in which goods and services are combined, the contract is always
considered an agreement for the sale of goods.
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6.
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The UCC does not impose different standards on merchants than it imposes
on consumers.
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7.
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Article 2A of the UCC covers subleases of goods.
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8.
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A consumer lease is excepted from coverage under the UCC.
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9.
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A lessee is a party who transfers a right to the possession and use of
goods under a lease.
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10.
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Under the UCC, the validity of a contract depends on its price term.
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11.
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If a contract for a sale of goods does not include the delivery date,
there is no basis for enforcing it.
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12.
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Under the UCC, a contract for a sale of goods that does not include the quantity
is a requirements contract.
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13.
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The rules governing firm offers apply to certain merchants only.
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14.
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Under the UCC, an offer to buy goods can be accepted only by a prompt shipment
of the goods.
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15.
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If a sales contract is unilateral, the offeror need not be notified of
the offeree's performance.
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16.
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Under the UCC, an agreement modifying a contract "needs new consideration
to be binding."
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17.
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All oral contracts are enforceable under the UCC.
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18.
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Two parties' prior dealing may be considered to resolve an ambiguity in a
contract between them.
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19.
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An unconscionable contract is a contract so one-sided and unfair at the time it
is made that enforcing it would be unreasonable.
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20.
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A contract between parties residing in different countries is subject to Article
2A of the UCC.
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