Reference no: EM132304732
1. Which of the following is NOT a right of the buyer if the seller is in breach
the right to dispose of the goods.
the right to recover goods from an insolvent seller.
the right to cancel the contract.
the right to recover damages for accepted non-conforming goods
2. If the parties to a sales contract do not agree on payment terms, the UCC says
payment is due at the time and place at which the buyer is to receive the goods.
payment is due 30 days after the goods are received.
payment is due at the time and place of the contract signing.
the contract fails because of indefiniteness.
3. ______________ damages are established in advance by the terms of the contract.
Liquidated
Consequential
Nominal
Punitive
4. Which of the following is one of the functions of a negotiable instrument?
A record keeping device.
A substitute for money.
All of these are functions of a negotiable instrument.
A credit device.
5. The risk of loss in a _______________ contract is on the seller while the goods are in transport.
consignment
sales
destination
shipment
6. The "as is" warranty disclaimer prevents a buyer from holding a seller liable if the thing sold turns out to be worth less than the price paid according to the case
Lindholm v. Brant
Osorio v. One World Technologies
Roberts v. Lanigan Auto Sales
Denny v. Ford Motor Company
7. A facilitator is typically a neutral third party tasked with monitoring a team's process and helping improve its effectiveness.
True or False
8. A facilitator usually focuses more on what a team is doing than on the team's process.
True or False
9. The role of a facilitator is limited to what happens during meetings.
True or False