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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?

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Definitions:

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.

Uniform Commercial Code

A broad collection of legislative measures governing every aspect of commerce in the United States.

Interstate Commerce

Commercial transactions or traffic that cross state boundaries, regulated by the federal government in the United States.

Federal Law

The body of law created by the federal government of a country, which applies to all its citizens and territories.

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