In Determining Whether a Contract Containing Both a Sale of Goods

question 46

Multiple Choice

In determining whether a contract containing both a sale of goods and a service is a UCC or general contract,the majority of states follow the:

• A) CISG.
• B) predominant purpose test.
• C) parol evidence test.
• D) procedural or bargaining scrutiny.

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Definitions:

Large Blocks

Trades involving a significantly large quantity of stocks or securities, typically used by institutional investors.

ECNs

Electronic Communication Networks are automated systems that match buy and sell orders for securities in the financial markets.

NYSE Arca

An electronic securities exchange in the United States where stocks and options are traded.

Automatic Trade Execution

A feature of trading platforms that allows for the immediate execution of trades at the market price, based on pre-set criteria without manual intervention.