Assignment part I:
Q1. What is the first question you should ask yourself when faced with a contracts problem (hint, see page 19-4)? why?
Q2. What is a "merchant" under the UCC? Why are higher standards applied to them?
Q3. What is the difference between Output Contracts and Needs Contracts?
Q4. If a sales contract doesn't specify the place of delivery, what is the default place of delivery?
Q5. When a sale of goods involves transportation of those goods from the seller to the buyer, why is it good practice to specify when Risk of Loss transfers from the seller to the buyer?
Assignment part II:
Q1. What is the difference between an Express Warranty and an Implied Warranty?
Q2. Provide some examples of Express Warranties:
Q3. Provide some examples of Implied Warranties:
Q4. Briefly describe these types of Product Liability claims based on negligence:
- Negligent Manufacture
- Negligent Inspection
- Negligent Failure to Warn
- Negligent Design
Q5. What is Strict Liability?
Assignment part III:
Q1. Briefly explain a Buyer's rights upon an improper delivery of goods.
Q2. Provide an example of an excuse from performance of a contract.
Q3. What is the difference between Course of Dealing and Usage of Trade?