Resources Include All of the Following Except

question 22

Multiple Choice

Resources include all of the following except:

• A) people
• B) financial resources
• C) intellectual property
• D) an identified market opportunity
• E) assets (such as plant and equipment)

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Definitions:

Strict Performance

A legal principle that requires parties to a contract to fulfill their obligations exactly as specified in the contract, without deviation.

Substantial Performance

A legal concept indicating that if a party has performed enough of its contractual obligations, it may still enforce the contract despite minor breaches.

Uniform Commercial Code

A comprehensive set of laws that govern commercial transactions in the United States to standardize and simplify the legal process.

Insolvent Seller

A seller who cannot meet their financial liabilities as they become due.