Which of the following statements about the Uniform Commercial Code UCC) is true?
A) The UCC article 2 governs contracts for services and securities.
B) The UCC article 1 governs contracts between merchants and the sale of goods.
C) The UCC seeks to provide uniformity to contracts law among the different states.
D) The UCC contract formation includes offer,acceptance,and consideration.
E) The UCC governs land and houses.
Correct Answer:
Verified
Q43: Identify the correct statement about common-law contracts.
A)All
Q44: An)_ contract refers to the status of
Q45: Identify the standard for service contracts,which means
Q46: Withdrawing on an offer to buy a
Q47: Which of the following is true about
Q49: Which of the following is NOT an
Q50: A counteroffer:
A)is the retraction of an offer
Q51: Which of the following terms cannot be
Q52: In common-law contracts,the acceptance must be an)_
Q53: An acceptance is valid when the offeree:
A)Deposits
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