Which of the Following Statements Does Not Apply to a Written

question 32

Multiple Choice

Which of the following statements does not apply to a written contract governed by Article 2 of the UCC

• A) the contract must involve the sale of goods of $5,000 or more.
• B) the contract may involve the sale of personal property.
• C) the requirements of the contract must be carried out by both parties in good faith.
• D) the obligations of a merchant may be different from those of a non-merchant.

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Definitions:

Majority Rule

A principle that the decision of a group should reflect the preference of more than half of its members, often used as a criterion for decision-making in democratic systems.

Whig Party

A political party in the United States active in the mid-19th century, advocating for modernization, banking, and economic protectionism, and opposing policies perceived as favoring a "slave power."

Deep South

A region in the southeastern United States known for its unique cultural, historical, and economic attributes, often associated with the Confederacy in the American Civil War.

Protestants

Members of any of the Western Christian churches that are separate from the Roman Catholic Church and follow the principles of the Reformation.