BUSN 420 Quiz Week 5
Question 1
pts
(TCO 5) Fresh Produce, Inc., and Great Grocery Stores dispute the interpretation of an ambiguous
phrase in their contract. In a suit between the parties to construe the contract, a court may accept
evidence of
Correct!
consistent additional terms only.
consistent additional terms and contradictory terms only.
contradictory terms only.
anything extrinsic to the contract.
Chapter 19
Question 2
pts
(TCO 5) Lightspeed Corporation makes computers, each of which is packaged with a shrink-wrap
agreement. Milo buys a Lightspeed desktop. The shrink-wrap agreement is most likely enforceable if
Milo buys the computer directly from Lightspeed.
Correct!
Milo expressly agrees to the terms in the shrink-wrap agreement.
Milo reads the shrink-wrap agreement.
the terms in the shrink-wrap agreement concern warranties.
Chapter 17
, Question 3
pts
(TCO 5) Super Taxi, a taxi service company, has been ordered by the traffic department to update their
taximeters to digital ones. Super Taxi decides to contract with Running Electricals, who provide digital
taximeters. But to acquire it on such short notice, Super Taxi approaches Silverstone Bank. Silverstone
Bank purchases the taximeters, and the taximeters are delivered to Super Taxi. The contract between
Super Taxi and Silverstone Bank allows the taxi service company to use the taximeters for a period of
time by providing monthly rentals till that period is completed. What is the nature of the contract made
between Silverstone, Whistle Cab, and Running Electricals?
Counteroffer
Correct!
Lease
Sale of goods
Option contract
Chapter 18
Question 4
pts
(TCO 5) Over the course of a year, Retail Marketers, Inc., sells goods from its inventory and one of its
warehouses. In exchange, Retail receives checks and other items that substitute for cash, which Retail
uses to repay a loan from Savings Bank. Article 2 of the UCC governs
the checks.
the payment of the loan.
the sale of the buildings.
Correct!
the sale of the goods.
Chapter 18
Question 5
pts
Question 1
pts
(TCO 5) Fresh Produce, Inc., and Great Grocery Stores dispute the interpretation of an ambiguous
phrase in their contract. In a suit between the parties to construe the contract, a court may accept
evidence of
Correct!
consistent additional terms only.
consistent additional terms and contradictory terms only.
contradictory terms only.
anything extrinsic to the contract.
Chapter 19
Question 2
pts
(TCO 5) Lightspeed Corporation makes computers, each of which is packaged with a shrink-wrap
agreement. Milo buys a Lightspeed desktop. The shrink-wrap agreement is most likely enforceable if
Milo buys the computer directly from Lightspeed.
Correct!
Milo expressly agrees to the terms in the shrink-wrap agreement.
Milo reads the shrink-wrap agreement.
the terms in the shrink-wrap agreement concern warranties.
Chapter 17
, Question 3
pts
(TCO 5) Super Taxi, a taxi service company, has been ordered by the traffic department to update their
taximeters to digital ones. Super Taxi decides to contract with Running Electricals, who provide digital
taximeters. But to acquire it on such short notice, Super Taxi approaches Silverstone Bank. Silverstone
Bank purchases the taximeters, and the taximeters are delivered to Super Taxi. The contract between
Super Taxi and Silverstone Bank allows the taxi service company to use the taximeters for a period of
time by providing monthly rentals till that period is completed. What is the nature of the contract made
between Silverstone, Whistle Cab, and Running Electricals?
Counteroffer
Correct!
Lease
Sale of goods
Option contract
Chapter 18
Question 4
pts
(TCO 5) Over the course of a year, Retail Marketers, Inc., sells goods from its inventory and one of its
warehouses. In exchange, Retail receives checks and other items that substitute for cash, which Retail
uses to repay a loan from Savings Bank. Article 2 of the UCC governs
the checks.
the payment of the loan.
the sale of the buildings.
Correct!
the sale of the goods.
Chapter 18
Question 5
pts
