1. The doctrine of imputed liability generally makes the employee liable for which acts of the agent?
A Intentional acts
B Criminal acts
C Negligent acts
D No acts
2. UCC does not cover which three types of transactions?
A Electronic commerce, real estate, and services
B Employment contract, services, and real estate
C Goods, services, and real property
D Agents, subscriptions, and memberships
3. A person in the position of a seller may withhold or stop a delivery, as well as _____________ (UCC 2.705-710).
A List the buyer on excluded parties
B Recover
C Stop the contract
D Recover incidental damages
5. Written warnings and labels on the sides of lawn mowers are this type of warranty.
A Hold harmless
B Implied
C Express
D Merchantability
6. UCC does not apply to
A Payment
B Statute of frauds
C Employment agreements
D Common law
7. This comes from UCC 2-401 and means a sale which is accomplished by the making of the contract.
A Warranty
B Goods
C A present sale
D Insurance
8. Even if a party is a genuine independent contractor, the principal may be held liable under the theory of
A Respondeat superior
B Imputed liability
C Negligent hiring
D Ipso facto
9. How do employment contracts apply to UCC?
A Oral contract provisions
B UCC does not cover employment contracts, there is no guidance
C Gap fillers
D Department of Labor
10. If an action is to be executed, the UCC allows for this action and time to be constrained as
A Specified only by a date certain
B A reasonable time not manifestly unreasonable may be fixed by agreement
C Shipping delivery standards
D Both parties must agree
11. The term "representative and agent" was discussed. What predominantly is the function for this business action?
A They have money
B They are "empowered"
C This person is connected
D Their actions are leg
12. Conduct can become acceptance if
A A sale occurred but wasn't paid
B If there was a breach
C Both parties agree it is sufficient to recognize the contract
D Delivery occurred
13. This term means a document evidencing the receipt of goods for shipment issued by a person engaged in the business of transporting or forwarding goods.
A Instrument
B Invoice
C Notice
D Bill of lading
14. What concept do the UCC and the premise of good business apply continuously?
A Good faith
B Floating lien
C Merchantability location
D Jurisdiction
15. To be effective in rightful rejection (UCC 2-606) of a delivery, the buyer must
A Provide notice prior to five years
B Provide an email after delivery
C Notify after opening the shipment
D Be seasonal, providing notice within a reasonable time based on the goods