LAW 3220 CLEMSON EXAM 3
COMPREHENSIVE EXAMINATION 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ If a North Carolina firm contracts to buy toys from China, and the
contract does not specify which law applies, in case of dispute,
which law will apply:
a. the law of the buyer (North Carolina)
b. the law of the buyer's nation (federal law)
c. the law of the seller nation
d. the UCC
e. the CISG.
Answer: e. the CISG
◉ The Convention on the International Sale of Goods (CISG):
a. was developed to manage the contract problems inherent in the
sale of good to Third World nations
b. does not contain a statute of frauds provision so that either oral or
written contracts in international markets may be enforceable
c. does not apply to civil law countries
d. relies heavily on common law contract law principles developed
in the United States
, e. provides that the commercial laws of the seller's country always
apply.
Answer: b. does not contain a statute of frauds provision so that
either oral or written contracts in international markets may be
enforceable
◉ Venable bought a car from a dealer. SunTrust financed the
purchase. Venable promised to make 75 monthly payments; the car
could be taken by SunTrust is she failed to pay. After five years,
SunTrust seized the car and sold it at auction. It sued Venable for the
remainder owed on the debt. She argued that SunTrust acted
improperly because there is a four-year statute of limitations under
Article 2 of the USS. SunTrust argued that the six-year statute of
limitation that applied to common-law contracts applied to the
matter. The trial court agreed with SunTrust. The appeals court held
that:
a. SunTrust was correct; the financing of the car was a common law
contract, not an Article 2 UCC contract.
b. SunTrust was correct; the primary purpose of the contract was for
financing, not the sale of a good, so the common law applied.
c. Venable was correct; the primary purpose of the contract was the
sale of the car, so Artic.
Answer: c. Venable was correct; the primary purpose of the contract
was the sale of the car, so Article 2 of the UCC covered it.
COMPREHENSIVE EXAMINATION 2026 FULL
QUESTIONS AND CORRECT ANSWERS
◉ If a North Carolina firm contracts to buy toys from China, and the
contract does not specify which law applies, in case of dispute,
which law will apply:
a. the law of the buyer (North Carolina)
b. the law of the buyer's nation (federal law)
c. the law of the seller nation
d. the UCC
e. the CISG.
Answer: e. the CISG
◉ The Convention on the International Sale of Goods (CISG):
a. was developed to manage the contract problems inherent in the
sale of good to Third World nations
b. does not contain a statute of frauds provision so that either oral or
written contracts in international markets may be enforceable
c. does not apply to civil law countries
d. relies heavily on common law contract law principles developed
in the United States
, e. provides that the commercial laws of the seller's country always
apply.
Answer: b. does not contain a statute of frauds provision so that
either oral or written contracts in international markets may be
enforceable
◉ Venable bought a car from a dealer. SunTrust financed the
purchase. Venable promised to make 75 monthly payments; the car
could be taken by SunTrust is she failed to pay. After five years,
SunTrust seized the car and sold it at auction. It sued Venable for the
remainder owed on the debt. She argued that SunTrust acted
improperly because there is a four-year statute of limitations under
Article 2 of the USS. SunTrust argued that the six-year statute of
limitation that applied to common-law contracts applied to the
matter. The trial court agreed with SunTrust. The appeals court held
that:
a. SunTrust was correct; the financing of the car was a common law
contract, not an Article 2 UCC contract.
b. SunTrust was correct; the primary purpose of the contract was for
financing, not the sale of a good, so the common law applied.
c. Venable was correct; the primary purpose of the contract was the
sale of the car, so Artic.
Answer: c. Venable was correct; the primary purpose of the contract
was the sale of the car, so Article 2 of the UCC covered it.
