Match the Following: A.A Sequence of Previous Conduct Between Parties Establishing a Common

question 36

Essay

Match the following:
a.A sequence of previous conduct between parties establishing a common basis for interpreting their agreement.b.A practice or method of dealing regularly observed and followed in a place,vocation,or trade.c.The transfer of a major part of one's inventory not in the ordinary course of business.d.A contract in which the risk of loss remains with the seller until the buyer accepts the goods.e.Requires the seller to unload the goods from the carrier at the named destination.f.Tangible,movable personal property.g.Unfairness of the bargaining process.h.A signed writing by a merchant that gives assurance an offer for the purchase or sale of goods will be kept open for a maximum of three months.i.A contract in which the risk of loss is on the buyer until she returns the goods.j.Delivery term for a shipment contract;free on board.k.The obligation of the seller to convey the right to ownership without a lien.l.Relationship pertaining to remote sellers in the chain of distribution.m.A term used to indicate that the price includes the cost of transportation and delivery of the goods alongside the carrier.n.A contractual relationship between the plaintiff and the defendant that was necessary at common law to maintain a breach of warranty lawsuit.o.An affirmation of fact or promise about the goods or a description,including a sample of the goods,which becomes part of the basis of the bargain.p.Provides the goods are reasonably fit for the ordinary purposes for which they are used.q.Limitation on the time period for which a manufacturer is liable for injury caused by its defective product.r.A contract in which the seller agrees to pay costs of freight,insurance,and transportation to the destination.s.A person who is a dealer in the goods,or who by his occupation holds himself out as having knowledge or skill peculiar to the goods or practices involved,or who employs an agent or broker whom he holds out as having such knowledge or skill.t.Oppressuve or grossly unfair contractual provisions.
-sale or return

Grasp the reasoning behind and methods for extending credit through credit cards.

Identify the purposes and characteristics of promissory notes in financial transactions.

Comprehend the significance of detailed accounts receivable information for specific customers.

Acknowledge the implications of dishonored notes receivable.

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Definitions:

Gratuitous Bailment

A bailment where the bailee holds the bailed property without receiving compensation, doing it for the bailor's benefit only.

Legal Obligation

A duty enforced by law, requiring an entity or individual to follow or abstain from specific actions, subject to legal consequences for failure to comply.

Lawnmower

A machine equipped with revolving blades or a blade bar for cutting grass to an even length.

Gratuitous Bailment

A bailment where the bailee agrees to hold onto the bailor's property without expecting any form of payment.