What are the three sources of law that interpret sales contracts?
A)State common law,federal common law,and the Uniform Contracts Code
B)State common law,federal common law,and the Uniform Commercial Code
C)State common law,state statutory law,and the Uniform Contracts Code
D)State common law,state statutory law,and the Uniform Commercial Code
E)State statutory law,federal statutory law,and the Uniform Contracts Code

Question

Quizplus · Accepted Answer

Three sources of laws that interpret sales contracts exist: state common law,the Uniform Commercial Code,and state statutory law.Little,if any,federal law governs contracts for the buying and selling of items,and when such law does exist,it is highly specialized (for example,the buying and selling of stock under laws created by the Securities and Exchange Commission).

What Are the Three Sources of Law That Interpret Sales