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What happens under the UCC if a written contract requires delivery of goods by a common carrier but does not specify whether it is a destination contract or a shipment contract?
What happens under the UCC if a written contract requires delivery of goods by a common carrier but does not specify whether it is a destination contract or a shipment contract?
- The buyer decides the type of contract.
- The court determines the type of contract.
- The seller can choose whether it's a shipment or destination contract. (correct)
- The UCC invalidates the contract.
- The contract automatically becomes a destination contract.
In the absence of specification in the contract, what is the default status of a contract involving delivery of goods by a common carrier under the UCC?
In the absence of specification in the contract, what is the default status of a contract involving delivery of goods by a common carrier under the UCC?
- It is declared void ab initio.
- It becomes a lease agreement.
- It defaults to a shipment contract. (correct)
- It defaults to a destination contract.
- It transforms into a service agreement.
Under the UCC, what factor determines whether a contract involving delivery of goods by a common carrier is a shipment or destination contract?
Under the UCC, what factor determines whether a contract involving delivery of goods by a common carrier is a shipment or destination contract?
- The carrier's convenience
- The buyer's preference
- The seller's choice (correct)
- The court's decision
- The shipping company's policy
If the contract is silent on whether it is a shipment or destination contract, what must the seller do according to UCC guidelines?
If the contract is silent on whether it is a shipment or destination contract, what must the seller do according to UCC guidelines?
How does the Uniform Commercial Code handle contracts that do not specify if they are shipment or destination contracts?
How does the Uniform Commercial Code handle contracts that do not specify if they are shipment or destination contracts?
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