Stringent rules for non-merchants

Question

Question 1. Article 2 of the UCC governs the sale of goods.

• True
• False

Question 2. Article 2 of the UCC with respect to firm offers in general establishes more stringent rules for non-merchants than for merchants.

• True
• False

Question 3. A contract with a seller in NY that states delivery is "FOB New York" is a destination contract.

• True
• False

Question 4. A document of title is used in circumstances in which the buyer may not receive possession of the purchased goods for some time as they may be in a warehouse or in transit.

• True
• False

Question 5. A check is a specific type of draft in which the instrument is drawn on a bank by a drawer who has an account at the bank.

• True
• False