AC502 Unit 2 Quiz
Question 1. Question : Micah signed a check in the lower right-hand corner and Andrew signed on the back. The presumption is that:
Question 2. Question : Which of the following is correct concerning termination statements?
Question 3. Question : In order to disclaim a warranty of fitness for a particular purpose, a merchant:
Question 4. Question : Which of the following is TRUE regarding the UCC?
Question 5. Question : A product liability case may be brought in which of the following cases if a person or business has been hurt by goods:
Question 6. Question : Millie lends Arthur, her next-door neighbor, $25,000. He gives her his diamond ring as collateral for the loan. Which statement is true?
Question 7. Question : Which of the following is the definition of Priority?
Question 8. Question : Wombart Manufacturing sells a machine on credit to Cryslie Printing Co. Wombart insists on a security interest in the machine to:
Question 9. Question : An express warranty can be created by which of the following?
Question 10. Question : The stated purpose(s) of Article 2 of the UCC is/are: