Which of the Following Is True Regarding the Creation of the Uniform

question 58

Multiple Choice

Which of the following is true regarding the creation of the Uniform Commercial Code?

• A) The Uniform Commercial Code was created by the National Conference of Commissioners on Uniform State Laws, the American Law Institute, and the U.S. Commercial Consortium.
• B) The Uniform Commercial Code was created by the U.S. Commercial Consortium and the National Conference of Commissioners on Uniform State Laws, but not the American Law Institute.
• C) The Uniform Commercial Code was created by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, but not the U.S. Commercial Consortium.
• D) The Uniform Commercial Code was created by a federal congressional committee.
• E) The Uniform Commercial Code was created by state legislative representatives from all 50 states.

---

Definitions:

Warranty Repairs

Repairs or replacements offered for free by the manufacturer or seller to correct defects covered under a warranty.

Sales

The total amount of revenue generated from goods or services sold by a company.

Payroll Tax Expense

Taxes that are paid based on the salary and wages of employees, including social security, medicare, and federal and state unemployment taxes.

Social Security And Medicare Taxes

Mandatory payroll taxes collected from employers and employees in the United States to fund the Social Security and Medicare programs.