Barter Is the Practice of Exchanging Products and Services for Other

question 140

Multiple Choice

Barter is the practice of exchanging products and services for other products and services rather than for

• A) value.
• B) ideas.
• C) promises.
• D) tariffs.
• E) money.

---

Definitions:

Predominant-Purpose Test

A legal test used to determine the primary objective or nature of a contract when it serves multiple purposes, impacting enforcement and interpretation.

Service-Warranty Test

An assessment used to determine whether a warranty offers a promise to repair or replace a product, or a promise of a specific level of performance.

UCC

The extensive array of commercial transaction laws in the United States is known as the Uniform Commercial Code.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing international sales contracts.