Which of the Following Is a Contract Most Likely to Fall

question 110

Multiple Choice

Which of the following is a contract most likely to fall under UCC Article 2:

• A) IBM sells an office building in Atlanta to Microsoft
• B) GM buys seat belts from Ace to install in new Cadillacs
• C) Nock hires CompuW to service its computers for a year so they are kept in good condition
• D) Disney buys the copyright on a book to make it into a movie
• E) none of the other choices

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Definitions:

Establish Objectives

The process of defining specific, measurable, achievable, relevant, and time-bound goals that an organization or individual aims to achieve.

Internal User

Individuals within an organization, such as management and employees, who use financial information for decision-making purposes.

Creditor

An entity or person to whom money is owed by the business.

Department Manager

An individual responsible for overseeing a specific department's operations, budget, and staff within an organization.