Multiple choice

Question 1 

Bill is entitled to receive the full contract price of $6,000.00 from Steve.

TRUE

FALSE

Question 2 

According to UCC Section 2-508, a seller who delivers non-conforming goods to a buyer has a reasonable opportunity to cure the non-conformity as long as he notifies the buyer and it is still within the stated contract time of delivery. 

TRUE

FALSE

Question 3 

Susan delivered defective windows to Bill on October 15, 2007.

TRUE

FALSE

Question 4 

Susan is a lost volume seller since she had thousands of windows in stock and could supply anyone with as many windows as they need, at any time. 

TRUE

FALSE