By Definition,a Sale Under Article 2 of the UCC Requires

question 19

Multiple Choice

By definition,a sale under Article 2 of the UCC requires:

• A) that the parties involved be merchants.
• B) that the product involved be goods, services, or a mixture; that the sale be between or among merchants; and that the sale take place in the normal course of business for that industry.
• C) that title to the goods pass between the seller and the buyer and that a price be paid for the goods.
• D) that the service being sold cannot be a gift or a bailment.

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Definitions:

Required Return

The minimum return that an investor expects to achieve on an investment to consider it a worthwhile risk.

Standard Deviation

A measure of the dispersion or variability in a set of values, often used to gauge the risk associated with a particular investment or portfolio.

Expected Rate

The anticipated rate of return or growth for an investment, often based on historical data and projections.

T-bill

Short-term U.S. government debt obligation backed by the Treasury Department with a maturity of less than one year.