The UCC looks solely upon "title" to determine ownership in goods.
Answer the following statement true (T) or false (F)
False
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When a company charges the same rate to ship a product anywhere in the United States, it is using which form of pricing?
A) freight absorption B) F.O.B. factory C) F.O.B. origin D) uniform delivered E) basing-point
The corporation can recover any profits made by unapproved competition by a director
Indicate whether the statement is true or false
Roberto obtains an exclusive franchise to sell widgets for the Acme Widget Company. The exclusive franchise covers the entire State of Wisconsin for a period of three years. In this case:
a. the manufacturer is obligated to use his best efforts to supply the goods even if no such clause appears in the written franchise agreement. b. Roberto has an implied obligation to use his best efforts to promote the sale of the widgets. c. under the UCC, such an agreement lacks consideration. d. Two of these but not all three.
______ is caused by crossing an ethical boundary, leading to mismanagement of the venture.
a. Inattention b. Deviance c. Lack of ability d. Uncertainty