The Uniform Commercial Code Does Not Apply To

question 51

Multiple Choice

The Uniform Commercial Code does not apply to:

• A) employment contracts.
• B) service contracts.
• C) insurance contracts.
• D) contracts involving real property.
• E) All of these.

---

Definitions:

Reasonable Investigation

A diligent inquiry or examination to discover facts or gather evidence, conducted within the bounds of what is considered reasonable under the circumstances.

Sarbanes-Oxley Act

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Public Company Auditors

Are independent entities or individuals tasked with examining and verifying the accuracy of a publicly traded company's financial statements.

Audit Committees

A subcommittee of a company's board of directors responsible for overseeing financial reporting and disclosure.