Which of the Following Statements About the Uniform Commercial Code

question 30

Multiple Choice

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.

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Definitions:

Prospective

Relating to or effective in the future, often used in studies that follow subjects forward in time.

Magical Number

The Magical Number, often referred to as "seven plus or minus two," is a theory suggesting the limit of an individual's ability to process, hold, and recall information in short-term memory.

George Sperling

A psychologist known for his research on the capacity of visual memory and the temporal duration of visual sensory memory.

Hermann Ebbinghaus

A psychologist best known for his research on memory, the forgetting curve, and the spacing effect.