If the Parties to a Sale Under the UCC Do

question 167

Multiple Choice

If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming the goods did not have to be moved, title passes to the buyer when:

• A) the seller delivers the title documents
• B) the seller recognizes "payment in full"
• C) the buyer inspects the goods
• D) the buyer makes "substantial" payment
• E) any of the other choices

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Definitions:

Concrete

Referring to real, tangible objects or phenomena, as opposed to abstract concepts or ideas.

Genus

A category of biological classification that ranks above species and below family, used to group species that share common characteristics.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, and are classified under a common and distinct category in biology.

Concrete

Pertaining to actual things or instances, rather than abstract qualities, ideas, or theories.