Article 6 of the Code Does Not

question 68

Multiple Choice

Article 6 of the Code does not:

• A) apply to sales of goods in the ordinary course of business.
• B) define "bulk transfer" as any transfer in bulk and not in the ordinary course of business.
• C) apply to merchants whose principal business is the sale of merchandise from stock.
• D) include the transfer of a substantial part of equipment as a bulk transfer under any circumstances.
• E) All of the answers are correct.

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Definitions:

Capacity Utilization Rate

The percentage of potential economic output that is actually realized, indicating how fully a country or enterprise is using its productive resources.

Margin Rate

Typically refers to the interest rate charged by brokers for borrowing funds to invest in securities.

Sales Outlook

A forecast or projection of future sales performance based on current market trends, data analysis, and sales history.

Interest Rate

The percentage at which interest is charged or paid on borrowed or saved money.