If a firm enters into a contract governed by the Uniform Commercial Code in Ohio,it would be operating under:
A)Federal common law.
B)Federal statutory law.
C)The Ohio Uniform Commercial Code.
D)Both the federal Uniform Commercial Code and the Ohio Uniform Commercial Code.
E)Either the federal Uniform Commercial Code or the Ohio Uniform Commercial Code,at the election of the seller and assuming the seller specifies choice of law in the contract.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC)is law in each state that has adopted it completely or partially as part of its state code.Thus,for example,if a firm enters into a contract governed by the Uniform Commercial Code in Ohio,it would be operating under the Ohio (state)Uniform Commercial Code.

If a Firm Enters into a Contract Governed by the Uniform