Article 2A of the UCC, Approved by Drafters of the Code

question 54

True/False

Article 2A of the UCC, approved by drafters of the Code in 1987 and amended in 1990, deals with leases of personal property, which exceed $100 billion annually.

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Definitions:

Singles

are individuals who are not married or in a romantic relationship.

Lower Chance

Lower chance refers to the reduced likelihood or probability of an event or condition occurring.

Live Together

Refers to the situation where two or more people share a residence and day-to-day life but are not legally married.

Religious Institutions

Organizations associated with a religion or faith, playing roles in worship, moral guidance, community support, and cultural preservation.