business law

When Deshawn finished taking a math course, he sold his math textbook to Sherri who  registered  to take the same course next  semester .  Under the UCC's definition of "merchant," Deshawn is a merchant or a non-merchant depending on whether he made a profit on the transaction. 

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Question 12

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Under the Parol Evidence Rule, evidence of contradictory prior to agreements and contemporaneous oral agreements is admissible except as to parties' course of dealing.

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Question 13

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Morro Beverage Company has a surplus of carbon dioxide (which puts bubbles in Morro beverages).  Morro agrees to sell the surplus to the Rock Ale Company. Morro is a merchant with respect to both Morro beverages and carbon dioxide. 

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Question 14

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A contract for a sale of goods can be subsequently modified without consideration as long as the party seeking the modification acts in good faith. 

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Question 15

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Consumer leases and  finance  leases are governed by the Uniform Commercial Code under Article 2A

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Question 16

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Sam, a jeweler offers to sell Mary a diamond watch for $1000.  Mary is unsure and needs time to think about it. Sam tells Mary hat he will leave the offer open until Friday.  He writes on a post-it, "I Sam the jeweler offer to sell a diamond watch to Mary for $1000.  Good until Friday." On Thursday Sam calls Mary and revokes the offer. Mary can still get the watch for $1000. 

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Question 17

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Courts apply the predominant factor test to determine if the parties have violated the Statute of Frauds by predominantly performing under an oral  contract .

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Question 18

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Article 2 of the UCC applies to food served at a restaurant

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Question 19

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Under Article 2 of the UCC, when an offer provides for the mode of communicating acceptance the offeree's acceptance can be made by any means of communication reasonable under the circumstances. 

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Question 20

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All contracts for the sale of goods must be in writing to be enforceable under the UCC.

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