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Exam 21: Title and Risk of Loss

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Question 1

Multiple Choice

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Elizabeth buys a car from Silas,who is sixteen years old. Elizabeth wants to sell the car to her neighbor,John. Elizabeth's title to the car is

A) valid.
B) voidable.
C) void.
D) good.

E) All of the above
F) A) and C)

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Question 2

True/False

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With nonconforming goods,the risk of loss passes to the buyer if the buyer accepts the goods in spite of their defects.

A) True
B) False

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Question 3

Multiple Choice

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Equipment Rentals Corporation (ERC) agrees to lease two backhoes to Dig & Fill Construction,Inc. Before any inter-est in the backhoes can pass from ERC to Dig & Fill,they must be

Red's Roofing buys asphalt roofing tiles from Shingles,Inc. The parties agree that the tile will be shipped "F.O.B. Shingles's warehouse" to Red's Roofing location via Tristate Shipping Corporation. The tiles are lost in transit. The loss is suffered by

Unless a contract provides otherwise,it is assumed to be a shipment contract.

If the goods are so nonconforming that the buyer has the right to reject them,the risk of loss does not pass to the buyer.

Pam buys from Midtown Motors a used sport utility vehicle (SUV) . The SUV was manufactured by Gem Vehicles,Inc.,and previously owned by Ron. Regarding title to the SUV,Pam acquires

When a bailee is holding goods that are to be delivered under a contract without being moved,the risk of loss cannot pass to a buyer.

Generally,a buyer acquires title that is superior to whatever title the seller had to the goods sold.

Roasters Corporation and Outdoor Barbecues,Inc.,enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when

Sundry's department store orders one hundred dresses from Taylor's Clothing Company. The contract does not expressly state when title to the goods will pass. Title passes when

Under the UCC,the risk of loss is necessarily determined by title.

Fits Like A Glove Shoes,Inc.,and Retail Footwear Stores enter into a contract for a sale of shoes. The contract indicates that the price includes transportation costs to a specific destination by including the term

Commercial Rents Corporation agrees to lease a pressure washer to Delivery Trucks,Inc.,which agrees to pick it up at E Street Warehouse. Before Delivery Trucks retrieves the washer,it is stolen. The loss is suf-fered by

All UCC provisions relating to the passage of title for sales of goods also apply to leases of goods.

In contracts involving a sale of unborn animals to be born within twelve months,identification takes place when the animals are conceived.

Title and risk of loss can pass to the buyer from the seller before the goods are identified to the contract.

Jason contracts with Golf Carts Unlimited,Inc. to buy five golf carts. The contract lists the five carts as GC001,GC002,GC003,GC004,GC005. Identification

Outdoor Outfitters Store contracts to buy fifty tents from Pitched Camp,Inc. Unless the contract states otherwise,it is assumed to be

In most situations involving sales,rights and liabilities are determined by who has the title to the goods.