As Per the UCC's Definition of Sale, in Which of the Following

question 11

Multiple Choice

As per the UCC's definition of sale, in which of the following transactions has a sale taken place?

• A)A sublets an apartment for the summer from B.
• B)A pays B to repair his car.
• C)A buys a spare USB charger for his phone.
• D)A purchases the digital license to new software for his computer.

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Definitions:

Par Common Stock

The face value of common stock as stated in the corporate charter, which has no direct correlation to the market value.

Cost Method

An accounting method used for investments where the investment is recorded at its acquisition cost, without subsequent change for increases or decreases in market value.

Preferred Stock

A category of corporate ownership that has a priority over common stock in terms of asset and earnings claims, typically offering fixed dividend payments.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.