Determine Whether the Statement Is True or False

question 54

Multiple Choice

Determine whether the statement is true or false. ​ ​

• A) False
• B) True

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Definitions:

Voidable

A term referring to a contract or transaction that may be declared invalid by one party due to certain circumstances.

General Contract Law

The broad area of law concerning agreements between parties, including their formation, enforcement, and the remedies for breach.

UCC

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales, leases, negotiable instruments, and secured transactions, in the United States.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law in all 50 states.