Themis Essay 2045

Question 1

The Uniform Commercial Code (“UCC”) Article 2 governs the

Answer 1

sale of goods.

Question 2

“Goods” are defined as

Answer 2

all movable things identified as goods to be sold under the contract between the buyer and seller.

Question 3

Under Article 2, if the goods or tender of delivery fail in any respect to conform to the contract, then the buyer may

Answer 3

(i) reject the goods,
(ii) choose to accept the goods despite their nonconformity, or
(iii) accept some of the goods while rejecting the rest.

Question 4

In order to properly reject goods, the buyer must

Answer 4

(i) notify the seller of the particular defect, and
(ii) hold the goods with reasonable care for a time sufficient to permit the seller to remove them.

Question 5

If a buyer rejects goods then subsequently accepts some or all of the goods without informing the seller,

Answer 5

then the seller may sue the buyer for conversion.

Question 6

The remedy for conversion is

Answer 6

the fair market value of the goods at the time of the conversion.