The ________ Is a Model Act Passed in 1949 That

question 50

Multiple Choice

The ________ is a model act passed in 1949 that includes comprehensive laws that cover most aspects of commercial transactions.

• A)Gramm-Leach Bliley Act
• B)Sarbanes-Oxley Act
• C)Uniform Sales Act
• D)Uniform Commercial Code

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Definitions:

1914

Generally references the year notable for the start of World War I, but without additional context, it doesn't apply to a specific key-term related to law or policy.

Enacted

Made into law by official legislative action.

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry.

Vertical Merger

A business integration strategy where companies within the same supply chain but at different stages of production merge.