In the Case of Pittsley V

question 1

Multiple Choice

In the case of Pittsley v. Houser, the court:

• A) held that the contract should be severed into different parts, applying the UCC to the part of the contract involving goods and the common law to the services part of the contract.
• B) held that the "predominant factor" test contravened the UCC's declared purpose.
• C) found the "predominant factor" test was the better, more prudent rule.
• D) found the CISG governed the contract in question.

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Definitions:

D = ATC

The condition where a firm's demand curve (D) equals its average total cost (ATC), often used in economic models to analyze firm behavior.

Selling Price

The actual price at which a product or service is sold to the customer.

Quantity

The amount or number of a material or abstract thing not requiring a unit of measurement.

Long-Run Equilibrium

The condition in which all inputs and outputs in an economy or a market are fully adjusted and there are no external pressures for change.