Amendments to UCC Articles 2 and 2A Were Promulgated in 2003

question 60

True/False

Amendments to UCC Articles 2 and 2A were promulgated in 2003 to accommodate electronic commerce and to reflect developments in business and law and, as of 2011, these amendments had been adopted in all of the states.

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Definitions:

Chief Executive

The highest-ranking official in a governmental body or organization, often the president in a presidential system of government, responsible for implementing laws and overseeing the executive branch.

Presidential Secrecy

The practice of the President of the United States withholding information from the public, Congress, and even other branches of the government, usually justified by national security needs.

Foreign Affairs

The management of relationships and dealings between countries.