Mining Corporation Purchases the Business Assets of Open Pit Inc

question 68

Multiple Choice

Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price, payable in installments. Under the UCC, this transaction is

• A)a contract for services.
• B)a sublease.
• C)a lease.
• D)a sale.

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Definitions:

Lowest Rpm

Refers to the minimum revolutions per minute at which an engine, machine, or device operates effectively without stalling.

Touch-point

An interaction point between a customer and a product, brand, or company, which can be a crucial factor in customer experience.

Automated Manual Transmissions

A type of transmission that offers manual gear shifting control with the operation ease of an automatic transmission.

Two-pedal AMTs

Automated Manual Transmissions that eliminate the need for a clutch pedal, simplifying driving by using only accelerator and brake pedals.