Which Among the Following Is an Example of a Felony

question 6

Multiple Choice

Which among the following is an example of a felony?

• A) Burglary
• B) Simple assault
• C) Jaywalking
• D) Littering

Understand the implications of accepted goods and limitations on revoking acceptance.

Grasp the concept of non-delivery and the standards for breach of contract under the UCC.

Discern the role of industry norms and the UCC’s stance on them in contracting and performing under the UCC.

Recognize the provisions regarding the inspection rights of buyers and lessees.

---

Definitions:

Accounts Receivable

Accounts receivable represents the money owed to a company for goods or services delivered or used but not yet paid for by customers.

Discounted Payback Period

The time it takes for an investment to generate cash flows sufficient to recover the initial cost, adjusted for the time value of money.

Straight-line Depreciation

A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Salvage Value

The estimated resale value of an asset after its useful life has ended.