A) True

B) True

True/False.

Fungible goods may be identified without being separated.

True.

Why is the identification of goods so important?

Its the earliest time that risk of loss can pass

When and where does the title to goods pass in a shipment contract?

At the time and place it is shipped.

When and where does the title to goods pass in a destination contract?

At the time and place when it reaches buyers place of business.

What would a seller of goods use to assure payment from the sale of goods overseas?

 A letter of credit

(states 'bank/governmet will pay if buyer doesn't)

If no carrier is involved, the goods are sold without a document of title, and the goods are identifed at the time of contracting, when does title pass?

At the time of contract

Under the UCC, which, if any, of the following affect merchants differently than nonmerchants?  A)the effect of additional terms in the acceptance B)The written confirmation rule C)The firm offer Rule D) Transfer of risk of loss in noncarrier cases

A) Yes

B) Yes

C) Yes

D)Yes

A buyer may return goods to a seller if the buyer does not resell them within a stated period of time.  Is this a consignment contract?

No, its a sale return contract

When a buyer breaches a contract by refusing to take delivery of conforming goods, how long does this buyer bear the risk of loss?

Commercially reasonable time.

To whom can a thief pass good title to stolen goods?

No one.

under the UCC what is given to a merchant who is entrusted with goods in which he or she normally deals?

Power to transfer all rights to a truster.