Which of the Following Is Generally True About Provisions in a Contract

question 28

Multiple Choice

Which of the following is generally true about provisions in a contract under the UCC that provide specific remedies?

• A) These specific remedies are always in addition to those provided by the UCC.
• B) These specific remedies are unenforceable because the UCC remedy provisions control.
• C) The UCC remedies also apply unless the contract states that the contract remedies are exclusive.
• D) The specific contract remedies will be considered to be unconscionable.

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Definitions:

Stock Sales

The process or activity of selling shares of a company on the stock market.

Quadratic Trend Analysis

A statistical method used to determine if a quadratic relationship exists between a dependent variable and an independent variable.

Exponential Smoothing

A time series forecasting method for univariate data that applies weighted averaging of past observations, where the weights decrease exponentially over time.

Mean Absolute Deviation

The average of the absolute differences between each data value in a set and the mean of the data set, measuring dispersion.