How Are the Obligations of Sellers/lessors and Buyers/lessees Are Determined

question 30

Multiple Choice

How are the obligations of sellers/lessors and buyers/lessees are determined?

• A) The obligations of the parties are determined by the terms the parties outline in agreements, but not by custom or rules outlined by the UCC.
• B) The obligations of the parties are determined by the rules outlined by the UCC, but not by terms the parties outline in agreements or by custom.
• C) The obligations of the parties are determined by terms the parties outline in agreements and rules outlined by the Uniform Commercial Code, but not by custom.
• D) The obligations of the parties are determined by the rules outlined by the UCC and by custom, but not by terms the parties outline in agreements.
• E) The obligations of the parties are determined by the terms the parties outline in agreements, custom, and rules outlined by the UCC.

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Definitions:

Social Dominance Orientation

An individual's degree of preference for inequality among social groups, with a high orientation favoring hierarchical superiority and a low orientation emphasizing equality.

Prejudiced

Holding preconceived opinions or judgments about someone or something without adequate knowledge or factual basis.

Prejudice

Preconceived opinion or bias against an individual or group based on their characteristics, often without proper knowledge or experience.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, sex, or disability.