A
Steve Rogers is reading about commercial statutes. What does the UCC stand for?
a. The Universal Commercial Contract
b. The Uniform Commercial Code
c. The United Commercial Company
d. The Union of Commercial Credits
b. The Uniform Commercial Code
Clint Barton notifies a seller that the arrows sent do not conform to the contract so he will not accept them. This action is called:
a. Revocation
b. Rejection
c. Rescission
d. Remand
b. Rejection
Natasha Romanoff enters into a sales contract. The UCC requires parties to such contracts to act in a commercially reasonable manner and in:
a. Good faith
b. Strict liability
c. Absolute secrecy
d. Mutual distrust
a. Good faith
Vision transfers the risk of his home being destroyed to an insurance company for a premium. This agreement is an:
a. Artisans lien
b. Assignment
c. Insurance agreement
d. Indemnity bond
c. Insurance agreement
Bruce Banner is defending a lawsuit. Which of the following is a defense to product liability lawsuits?
a. Assumption of risk
b. Lack of consideration
c. Mutual mistake
d. Unjust enrichment
a. Assumption of risk
Hope van Dyne agrees to a clause that sets the amount of damages to be paid in case of a breach. This is a:
a. Consequential clause
b. Liquidated damages clause
c. Punitive clause
d. Specific performance clause
b. Liquidated damages clause
Hank Pym acquires insurance on his laboratory. The person to whom insurance proceeds are payable is the:
a. Insurer
b. Beneficiary
c. Underwriter
d. Adjuster
b. Beneficiary
Cassie Lang owns a business that is an extension of herself and has only one owner. This is a:
a. Partnership
b. Sole proprietorship
c. Corporation
d. LLC
b. Sole proprietorship
Peter Parker is suing a web-fluid manufacturer. Product liability law is grounded in which two areas of law?
a. Criminal law and Property law
b. Contract law and Tort law
c. Maritime law and Family law
d. Constitutional law and Administrative law
b. Contract law and Tort law
Maya Lopez is learning about property distribution. What refers to all property owned by a person?
a. A trust
b. An estate
c. A bequest
d. A devise
b. An estate
Happy Hogan owes money to Stark Industries. In this relationship, Happy is the:
a. Creditor
b. Debtor
c. Guarantor
d. Surety
b. Debtor
Wanda Maximoff and Vision have a contract where the price term is missing. Under the UCC, what are these provided terms called?
a. Contract closers
b. Finalizers
c. Legal bridges
d. Gap fillers
d. Gap fillers
T'Challa sees a clause in a contract where the seller attempts to eliminate liability. This is known as a:
a. Performance bond
b. Rejection notice
c. Product liability disclaimer
d. Purchase order
c. Product liability disclaimer
Johnny Blaze (Ghost Rider) and Korg start a business together. This is a:
a. Partnership
b. Sole proprietorship
c. Nonbusiness
d. None of the above
a. Partnership
Thor Odinson regularly deals in the sale of enchanted Uru hammers. Under the UCC, he would be defined as a:
a. Consumer
b. Bailor
c. Merchant
d. Arbitrator
c. Merchant
Gamora alleges a sword manufacturer breached a duty by failing to eliminate a foreseeable risk. This suit is based on:
a. Breach of warranty
b. Negligence
c. Strict liability
d. Specific performance
b. Negligence
Yondu’s business is owned by shareholders who elect a board of directors. This is a:
a. Partnership
b. Sole proprietorship
c. Corporation
d. LLC
c. Corporation
Odin gives a security interest in the palace of Asgard to a bank for a loan. This is a:
a. Finance statement
b. Bill of housing
c. Mortgage
d. Promissory term
c. Mortgage
Sam Wilson is the seller in a contract. Where are goods to be delivered if the contract does not specify a place?
a. The seller's place of business
b. The buyer's residence
c. A neutral warehouse
d. The local courthouse
a. The seller's place of business
Ebony Maw uses his gold rings to secure a loan. Property securing a promise to repay is called:
a. Residuary
b. Collateral
c. Bequest
d. Premium
b. Collateral
James Rhodes (War Machine) receives an instrument from a bank acknowledging a deposit and promising to repay it. This is a:
a. Cashier’s funding
b. Certificate of deposit
c. Trade deposit
d. Money request
b. Certificate of deposit
Logan (Wolverine) wants to change a contract term. Under the UCC, what is not required to support a modification?
a. Agreement
b. Capacity
c. Consideration
d. Legality
c. Consideration
Tony Stark wants to lease a high-tech specialized transport for Stark Industries. Which UCC Article applies to a lease of goods?
a. UCC Article 1
b. UCC Article 2A
c. UCC Article 3
d. UCC Article 9
b. UCC Article 2A
Mantis is distributing assets after a partnership's assets are sold. Whose claims are satisfied first?
a. Creditors
b. General partners
c. Limited partners
d. Shareholders
a. Creditors
Namor is studying the evolution of law. What does the term "caveat venditor" mean?
a. Buyer beware
b. Let seller beware
c. Contract is void
d. Freedom of speech
b. Let seller beware