A "Sale," as Defined by the UCC,takes Place When

question 61

Multiple Choice

A "sale," as defined by the UCC,takes place when:

• A) the price is paid.
• B) there is a manifestation of mutual assent.
• C) the parties shake hands or affirmatively agree.
• D) the title is transferred to the buyer.

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Definitions:

Petty Offense

A minor crime that is punishable by a small fine and/or imprisonment for less than six months in a jail.

Mail Fraud

A criminal act involving the use of postal services or electronic mail to carry out fraudulent schemes with the intent to deceive for personal gain.

False Pretenses

A legal term referring to the act of intentionally misrepresenting the truth to obtain property or money from another.

Misdemeanors

Less serious criminal offenses that are punishable by fines or imprisonment for a period of less than one year.