If a Court Determines That a Contract Involving Both Goods

question 34

True/False

If a court determines that a contract involving both goods and services is primarily a goods contract, any dispute over the deal will be decided under the UCC.

---

Definitions:

Selling Price

The amount for which a product is sold, excluding any discounts or allowances.

Job T288

A reference to a specific job or project identified by the code T288, which could involve specific tasks, costs, and objectives.

Predetermined Manufacturing Overhead Rate

A rate used to allocate estimated manufacturing overhead to individual jobs based on a predetermined activity, such as labor hours or machine hours.

Job C

A specific task, project, or assignment identified uniquely, usually within a job costing system.