Curtis Enters into a Contract with Drive-Away Lease Company for a Three-Year

question 51

Multiple Choice

Curtis enters into a contract with Drive-Away Lease Company for a three-year lease of a car. This contract is subject to

• A)Article 2 of UCC.
• B)Article 2A of the UCC.
• C)Article 3 of the UCC.
• D)the common law only.

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Definitions:

Expensive Item

A product or article that is priced high in comparison to other similar items.

Federal Trade Commission

A U.S. federal agency established to prevent anticompetitive, deceptive, and unfair business practices through enforcement of antitrust and consumer protection laws.

Independent Agency

An agency that is typically not located within a government department. It is governed by a board of commissioners, who are appointed by the president with the advice and consent of the Senate.

Consent Order

A legal document, approved by a judge, which formalizes an agreement reached between two parties in a dispute, without the need for a trial.