Under the UCC, Which of the Following Is NOT One

question 2

Multiple Choice

Under the UCC, which of the following is NOT one of the elements that must be present for a contract to exist?

• A) The signature of the party against whom enforcement is sought.
• B) The price of the goods sold.
• C) A statement of the quantity of goods sold.
• D) Some sort of indication that the agreement exists.
• E) All of the above elements must be present for a UCC contract to exist.

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Definitions:

Single Filing Status

A tax filing status for individuals who are unmarried and do not qualify for other filing statuses.

Circular 230

A set of regulations governing tax professionals who represent taxpayers before the IRS, ensuring practitioners meet ethical and practice standards.

Tax Returns

Documents filed with the IRS that report income, expenses, and other pertinent tax information. Tax returns determine tax liability or refund eligibility for an individual or company.

Contingent Fees

Fees for services, such as legal representation, that are payable only if a particular outcome is achieved.