The Uniform Commercial Code States That a Party to a Contract

question 43

Multiple Choice

The Uniform Commercial Code states that a party to a contract may delegate his duty to perform unless the other party has a substantial interest in having the original obligor perform the acts required by the contract.Which of the following is not considered in determining whether there is a substantial interest?

• A)The degree to which performance is dependent on the reputation of the person who owes the duty to perform.
• B)The degree to which performance is dependent on the individual traits of the person who owes the duty to perform.
• C)The degree to which performance is dependent on the skill of the person who owes the duty to perform.
• D)The degree to which performance is dependent on the judgment of the person who owes the duty to perform.

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Definitions:

Out-Of-Pocket

Expenses that are paid directly in cash or cash equivalents during a transaction, without any form of credit.

Medicare

A federal program that provides health insurance to people over the age of 65 and to certain younger people with disabilities.

Medicaid

A public health insurance program in the United States that provides health care services to low-income individuals and families.

Health Care Spending

The total amount of money spent on health care services and products in a country or region within a specified period.