Chapter 18 Vocabulary

Question 1

Goods that conform to contract specifications.

Answer 1

Conforming Goods

Question 2

A seller’s or lessor’s act of placing conforming goods at the disposal of the buyer or lessee and providing whatever notification is reasonably necessary to enable the buyer or lessee to take delivery.

Answer 2

Tender of Delivery

Question 3

A contract that requires or authorizes delivery in two or more separate lots to be accepted and paid for separately.

Answer 3

Installment Contract

Question 4

A remedy that allows the buyer or lessee, on the seller’s or lessor’s breach, to obtain substitute goods from another seller or lessor.

Answer 4

Cover

Question 5

An action that can be used by a buyer or lessee to recover identified goods from a third party, such as a bailee, who is wrongfully withholding them.

Answer 5

Replevin

Question 6

An encumbrance on a property to satisfy a debt or protect a claim for payment of a debt.

Answer 6

Lien

Question 7

A seller’s or lessor’s promise as to the quality, condition, description, or performance of the goods being sold or leased.

Answer 7

Express Warranty

Question 8

A warranty that arises by law because of the circumstances of a sale and not from the seller’s express promise.

Answer 8

Implied Warranty

Question 9

A warranty that goods being sold or leased are reasonably fit for the general purpose for which they are sold or leased, and properly packaged and labeled, and are of proper quality.

Answer 9

Implied Warranty of Merchantability

Question 10

A warranty that goods sold or leased are fit for the particular purpose for which they buyer and lessee will use the goods.

Answer 10

Implied Warranty of Fitness for a Particular Purpose