Theilan and Wayland Are Merchants Negotiating Contract Terms Under a Contract

question 7

Multiple Choice

Theilan and Wayland are merchants negotiating contract terms under a contract that will be governed by the UCC. What is the shortest possible statute of limitations for bringing a lawsuit based on breach of contract?

• A) 10 days.
• B) One month.
• C) 18 months.
• D) Three years.
• E) Four years.

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Definitions:

Career

A chosen pursuit; a profession or occupation.

Marital Happiness

A state of contentment and satisfaction experienced within a marriage, stemming from emotional, physical, and relational well-being between partners.

Adult Personality Development

The continued growth and change of personal identity and personality traits during adulthood.

Lifelong Marital Relationship

A committed partnership between two individuals that is intended to last for the duration of their lives.