If the Parties to a Sale Under the UCC Do

question 167

Multiple Choice

If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming the goods did not have to be moved, title passes to the buyer when:

• A) the seller delivers the title documents
• B) the seller recognizes "payment in full"
• C) the buyer inspects the goods
• D) the buyer makes "substantial" payment
• E) any of the other choices

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Definitions:

Secondary Data

Secondary data refers to information that has been collected previously by someone else for a different purpose but can be utilized for a new research project or analysis.

Primary Data

Data collected firsthand for a specific research purpose, involving direct interaction with the study subjects through surveys, interviews, or experiments.

Time-Consuming

Requiring a significant amount of time to complete, often more than what is considered desirable or efficient.

Costly

Involving great expense; something that requires a high amount of money or resources.