Which of the Following Does Section 2A-201(1)of the Uniform Commercial

question 59

Multiple Choice

Which of the following does Section 2A-201(1) of the Uniform Commercial Code state?

• A)All lease contracts must be in writing.
• B)Lease contracts requiring payments of $1,000 or more must be in writing.
• C)All sales contracts must be in writing.
• D)Sales contracts requiring payments of $500 or more must be in writing.

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Definitions:

Actualizing Tendency

An innate drive in living organisms towards growth, fulfillment of potential, and the realization of their inherent capabilities, as outlined in humanistic psychology.

Self-Protection

Behaviors or mechanisms employed by individuals to defend themselves against perceived threats to their well-being or integrity.

Actualization

The realization or fulfillment of one's talents and potentialities, often considered to be a drive or need present in everyone.

Self-Preservation

The instinct to protect one's self from harm or destruction, a fundamental aspect of an individual's behavior and decision-making.