Which of the Following Is an Example of a Contract

question 97

Multiple Choice

Which of the following is an example of a contract that would be governed by Article 2 of the Uniform Commercial Code (UCC) ?

• A) Bill agrees to sell his farm to Sam for $200,000.
• B) Chantelle agrees to work for Jenna as her personal secretary for $50 an hour for the next year.
• C) Dwayne buys a used car from Tom's Autos for $7,000.
• D) Carlo leases a car for a year from EZ Cars for $2,000 per month.

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Definitions:

Regulation

A set of rules or laws designed to control or govern conduct, typically implemented by a governmental body.

Social Regulation

The imposition of rules by government aimed at influencing the operation of businesses and individuals in areas such as health, safety, and environmental protection.

Bureaucrats

Officials and administrators working within the government, often perceived as being concerned with procedural correctness at the expense of people's needs.