Which of the following is true regarding the sources of laws that interpret sales contracts?
A) Three sources of laws that interpret sales contracts exist: state common law, the Uniform Commercial Code, and state statutory law.
B) Two sources of laws that interpret sales contracts exist: state common law and the Uniform Commercial Code.
C) Two sources of laws that interpret sales contracts exist: the Uniform Commercial Code and state statutory law.
D) Two sources of laws that interpret sales contracts exist: state common law and state statutory law.
E) The Uniform Commercial code is the only source of law interpreting sales contracts.
Correct Answer:
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