The Most Recent Revision to UCC 2-201 Requires That Contracts

question 94

Multiple Choice

The most recent revision to UCC 2-201 requires that contracts for the sale of goods costing ________ must be in writing to be enforceable.A state must adopt this amendment for it to become effective; most states,however,have not enacted this change.

• A) $500 or more
• B) $500 or less
• C) $5,000 or more
• D) $5,000 or less
• E) $5,000, more or less

Appreciate the role of lifestyle choices in influencing overall health during young adulthood.

Understand the psychological and social dynamics of casual sexual encounters and their implications.

Grasp the concepts of tolerance, cravings, and withdrawal in the context of substance dependence.

Identify strategies for effective prevention and intervention of substance abuse and sexual assault.

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Definitions:

Acquisition

The process of obtaining control of another company or business, either through direct purchase, merger, or all-stock transaction.

Fair Values

The approximate value for which a security or debt could be traded between informed, consenting parties in a fair deal.

Credit Balance

The amount of money in a financial account that indicates that a customer has funds or credits available to them.

Consolidated Cash

The total cash and cash equivalents held by a parent company and its subsidiaries, presented as a single figure on consolidated financial statements.