What Does SBA Stand for in the Context of New

question 33

Multiple Choice

What does SBA stand for in the context of new ventures?

• A)"Standard Business Arrangement"
• B)"Small Business Association"
• C)"Small Business Administration"
• D)"Standard Borrowing Arrangement"

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Definitions:

UCC

A set of detailed legislative provisions known as the Uniform Commercial Code is designed to oversee commercial activities across the United States.

Negotiable Instruments

Legal documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Article 3

This term could refer to various documents, but generally pertains to a section or part within a larger document that outlines specific provisions or regulations.

Negotiability

The characteristic of a document, such as a check or bill of exchange, that allows it to be transferred or endorsed from one party to another in legal transactions.