The UCC Differs from the Common Law of Contracts in That

question 26

Multiple Choice

The UCC differs from the common law of contracts in that the UCC:

• A)is less concerned with technical rules.
• B)deals with the sale of intangibles.
• C)deals with service contracts.
• D)is less concerned with the "good faith" doctrine.

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Definitions:

Transaction

The act of conducting a trade or business deal involving the exchange of goods, services, or financial assets.

Signaling

A concept in economics and finance where agents indirectly convey information about their qualities or intentions through their actions.

Liquidity

With respect to a company, the ability to pay its bills in the short run. With respect to an asset, the readiness with which it can be converted to cash.

Matching Savers

A concept in finance referring to the alignment of investors' preferences with appropriate investment opportunities.