If the Parties to a Sale Under the UCC Do

question 422

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

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Definitions:

Inconsistent

Describes a system of equations that has no solution because the equations represent parallel lines which never intersect.

Graph

A schematic that depicts a setup of ties or connections among multiple objects through distinctive indicators like dots, lines, and bars.

Ordered Pairs

Ordered pairs are pairs of numbers used to represent the position of a point on a coordinate plane, typically in the form (x, y).

Simple Interest

Interest calculated only on the initial amount of money (principal), without compounding over time.