Question

Sure Good Appliance Corporation contracts with Trucking Company to take a selection of appliances to United Railroad, Inc., for United to transport the goods to a VeriSafe Company warehouse. Trucking, United, and VeriSafe each acknowledge possession of the goods by a document of title. These parties are O bailees. O buyers. O lessees. O sellers. D Question 7 1 pts Mountainside Coffee Company and Nature's Cuisine, Inc., enter into a contract for a sale of coffee beans. The contract includes the term "F.O.B. Ocean City," which is the location of Nature's Cuisine This means that the contract is a bill of lading. U a destination contract. a shipment contract. a warehouse receipt. Safewise Insurance Agency contracts with Town & Country Motors to buy six cars. The contract lists the cars by their VINs (vehicle identification numbers). Under the UCC, identification O requires the filing of a copy of the contract in the appropriate state office. O has taken place. O cannot take place unless the cars are in Town & Country's possession. O cannot take place until the cars are in Safewise's possession. DQuestion 9 1 pts Kim's Pony Rides orders ten saddles from Little Horse Saddles, Inc. The sales contract states that if the saddles are defective, Kim's will allow Little Horse Saddles to repair or replace them instead of rejecting the shipment. When the saddles arrive, they are defective. In this case, the perfect tender rule O does not apply applies to both parties applies only to Litle Horse Saddles applies only to Kim's Pony Rides. Elegant Carpets, Inc, and Fantastic Floors Stores enter into a contract for a sale of carpeting. Under a shipment contract, the seller must O allow the buyer to reject the goods for any reason. O deliver the goods to a particular destination. O inspect the goods before shipping them O place the goods into the hands of a carrier. D | Question 11 1 pts Speedy's Auto Parts orders twenty tires from Tough Tires, Inc. Ten of the tires are delivered in a damaged condition. Speedy's cannot reject the entire shipment. must pay for all of the tires at the contract price. may accept the shipment with a reduction in price. must reject the entire shipment. Bayou Boats, Inc., contracts for the sale of seven swamp boats to Eventide Fishing Tours. Bayou repudiates the contract. Eventide's recovery is measured at the time ( Bayou advertised the goods. Eventide ordered the goods. O Eventide learned of the breach. O Bayou knew that it would repudiate the contract. 1 pts DQuestion 13 The Magnuson-Moss Warranty Act covers implied warranties, oral statements, and written promises only implied warranties that consumers are aware of only a salesperson's oral statements. only a seller's express written warranties Eliza buys a new motorcycle from Fab Cycles, Inc. The most important factor in determining whether an express warranty is created is whether O Eliza expresses to Fab Cycles what she wants warranted O Eliza's desire for the cycle becomes part of her motivation to deal O Fab Cycles expresses to Eliza what it expects of its customers. O Fab Cycles's promise becomes part of the basis of the bargain. D Question 15 1 pts Pat, a salesperson for Quality Fruit, Inc., shows Ron, a buyer for Sweet Food Company, samples of peaches, stating that any shipment will match the samples. This statement is o an express warranty an implied warranty. none of the choices puffery Handi Tools, Inc., sells power tools, power tool parts, and related supplies under "full" warranties Under the Magnuson-Moss Warranty Act, this means that HandiTools must provide O free repair or replacement of any defective part O none of the choices O a full refund on request. O repair or replacement of any defective part at a reduced charge. Question 17 1 pts The federal agency that oversees the practices of banks, mortgage lenders, and credit-card companies 1s O Regulation Z. the Federal Reserve Board. the Consumer Product Safety Commission. the Consumer Financial Protection Bureau o Greg signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliances. This transaction is subject to O no federal law the Fair Credit Reporting Act. O the Telecommunications Act ⓔ the Truth-in-Lending Act. 1 pts D Question 19 Dian takes out a loan from Equity Bank. When she fails to make the scheduled payments, Equity advises her of further action that it will take. This violates e no federal law O the Fair and Accurate Credit Transactions Act. the Fair Debt Collection Practices Act. the Truth-in-Lending Act Question 20 1 pts Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit dis-crimination based on O intelligence O education O culture. . race No new data to save. Last checked at 7:50pm Submit Quiz

Answer 1

1) Must contract Fresh Diary

They must immediately contract Fresh Diary to know the status and take appropriate action

5) shipment contract

It is the contract to buy the items as specified and basis this seller can proceed to ship

3) Buyers

The Trucking, United and Versatile are buyers for the Sure good appliance as they are taking product ownership

7) A Bill of Lading

Since it mentions the shipping term which is FOB, it is a bill of lading