The Main Difference Between the UCC Requirement for a Writing

question 40

Multiple Choice

The main difference between the UCC requirement for a writing for a contract for the sale of goods and the common law rule is that the

• A)UCC requires the signature of only one party.
• B)UCC does not require all the terms of the agreement to be in writing.
• C)common law requires only an indication that the parties reached an agreement.
• D)common law requires only the signature of the defendant and the quantity of goods being sold.

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Definitions:

Frequency Distributions

A statistical analysis showing the number of instances in which a variable takes each of its possible values.

Deming's Fourteen Principles

A set of guidelines for managers proposed by W. Edwards Deming to improve product quality, productivity, and competitive position.

Work Force

The collective group of individuals employed in a company or industry, contributing to its productivity through their efforts and skills.

Productivity

The efficiency with which inputs are converted into outputs, often measured in terms of the rate of output per unit of input.