Which of the Following Is True Regarding the UCC's Statute

question 48

Multiple Choice

Which of the following is true regarding the UCC's statute of frauds?

• A) The writing involved must be typed, not handwritten.
• B) The writing must be signed by the party to be charged, not necessarily by all parties
• C) Any warranties must be included in the writing in order to be enforceable
• D) The UCC's requirements regarding a writing are strict and place significant burdens on the parties in regard to adequately including all terms of the agreement in the writing.

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Definitions:

Debt Financing

The process of raising capital through borrowing money, which must be repaid with interest.