AK Bar Alaska Contracts and Commercial Law 3

Question 1

Under UCC § 2-207 (battle of the forms), additional terms in an acceptance between merchants become part of the contract unless:

Accepted Answer

The offer expressly limits acceptance to its own terms

Answer

The acceptor is a consumer rather than a merchant

Answer

The contract involves a mixture of goods and services

Answer

The parties are located in different states

Question 2

The implied warranty of merchantability under UCC Article 2 requires that goods:

Accepted Answer

Be fit for the ordinary purposes for which such goods are used

Answer

Be of the highest quality available on the market

Answer

Conform exactly to the buyer's individual specifications

Answer

Be accompanied by a written guarantee from the seller

Question 3

Under UCC § 2-508, a seller's right to cure a defective delivery exists when:

Accepted Answer

The buyer has rejected the goods and the contract performance time has not yet expired

Answer

The buyer has already accepted and used the goods

Answer

The defect was intentionally concealed by the seller

Answer

The buyer has expressly waived their right to conforming goods

Question 4

The 'perfect tender rule' under UCC Article 2 (§ 2-601) allows a buyer to reject goods if:

Accepted Answer

The goods or tender of delivery fail to conform in any respect

Answer

The defect is material to the contract's central purpose

Answer

The price substantially exceeds fair market value

Answer

Delivery is made by a different carrier than the one specified

Question 5

Which of the following is a valid defense to enforcement of an otherwise valid contract under Alaska law?

Accepted Answer

The contract is unconscionable

Answer

One party negotiated a particularly favorable deal

Answer

One party would have preferred different terms

Answer

The consideration was minimal but genuinely present

Question 6

Under the parol evidence rule, extrinsic evidence of prior or contemporaneous agreements is generally inadmissible to:

Accepted Answer

Contradict or vary the express terms of a fully integrated written agreement

Answer

Explain an ambiguous term in the written contract

Answer

Show fraud in the inducement of the contract

Answer

Establish the existence of a condition precedent to the contract

Question 7

In Alaska, which of the following transactions is governed by UCC Article 2?

Accepted Answer

A contract for the sale of 500 industrial widgets

Answer

A contract retaining an attorney for legal services

Answer

A contract for the purchase and sale of a residential house

Answer

A commercial real estate lease agreement