Shipping Corporation Enters into Contracts with Distributors and Other Buyers

question 39

Multiple Choice

Shipping Corporation enters into contracts with distributors and other buyers in e-commerce and in traditional commerce. Between Shipping and its customers, the UETA applies if the parties agree to conduct transactions by

• A)electronic means.
• B)paper documents.
• C)any of the choices.
• D)verbal communication.

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Definitions:

Consume

The action of using up goods or services, thus leading to a reduction in available quantity.

GDP

The entirety of value generated from goods and services within a country's borders throughout a specific duration sums up what is known as the Gross Domestic Product.

Government Purchases

Expenditures by government for goods and services that directly satisfy collective needs or affect the economy’s total demand.

Investment

Investment pertains to the allocation of resources, such as capital or time, with the expectation of generating an income or profit.