Suppose That Your Tuition to Attend College Is $14,000 Per

question 4

Multiple Choice

Suppose that your tuition to attend college is $14,000 per year and you spend $5,000 per year on room and board. If you were working full time, you could earn $26,000 per year. What is your opportunity cost of attending college?

• A) $19,000
• B) $31,000
• C) $40,000
• D) $45,000

Comprehend the definition and classification of "goods" under the UCC and how it impacts the applicability of the UCC.

Recognize the lease provisions under the UCC, including consumer lease distinctions and finance lease mechanics.

Grasp the UCC's approach to contract modification, including the role of consideration.

Understand the provisions regarding unconscionability and how the UCC addresses fairness in contracts.