The Uniform Commercial Code (UCC) Was Designed To

question 160

Multiple Choice

The Uniform Commercial Code (UCC) was designed to:

• A) prevent copyright violations
• B) increase the number of inventions patented by U.S. inventors
• C) promote intra-state trade
• D) promote inter-state trade
• E) none of the other choices are correct

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Definitions:

Defined-Contribution Plan

Retirement plan in which the employer sets up an individual account for each employee and specifies the size of the investment into that account.

Retirement Income

The financial income one receives after retiring from active employment, which can come from pensions, savings, investments, and government programs.

Social Security Benefits

Government-financed programs providing retirement, disability, survivorship, and death benefits to eligible individuals.

Exempt Amount

The portion of income or value that is not subject to tax or is excluded from calculation under certain conditions or allowances.