Which of the Following Contracts Requires a Writing Under the UCC,Article

question 31

Multiple Choice

Which of the following contracts requires a writing under the UCC,Article 2?

• A) Jeremy, a full-time student, sold his snow blower to a friend for $450.
• B) Jeremy, a full-time student, purchased a used computer from Office Plus for $300.
• C) A toy manufacturer contracted to sell dolls valued at $10,000 to a department store.
• D) Tobias Department Store contracted to sell Jenny a $400 doll.

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Definitions:

2008 Recession

A severe global economic downturn that began in 2008, marked by significant declines in consumer wealth, extensive business failures, and a sharp increase in unemployment.

Foreclosure Rates

The percentage of properties undergoing the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.

Complexity

The quality or state of being intricate or complicated, often referring to systems with multiple interrelated components.

Modern Societies

Refers to nations or societies that are industrialized and have a high level of development in terms of economic prosperity, technological advancement, and social organization.