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MATCHING Match Each Description with the Item Below

question 23

Multiple Choice

MATCHING
Match each description with the item below.
-David Farragut


Definitions:

UCC

This code, known as the Uniform Commercial Code, is an extensive assortment of legal rules that supervise commercial exchanges in the United States.

Common Law

A legal system characterized by case law and legal precedents established by court decisions, as opposed to statutory laws enacted by governmental bodies.

Consideration

The benefit, interest, right, or profit that induces a party to enter into a contract; a fundamental component of a valid contract.

Common Law

A body of legal rules and principles based on court judgments and customs, rather than formal statutes or legislations.

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