UCC Section 2-301 Outlines What Basic Duty of the Seller

question 79

Multiple Choice

UCC section 2-301 outlines what basic duty of the seller?

• A)To define all contract terms to avoid gap fillers
• B)To designate an agent for each buyer
• C)To deliver the goods called for by the contract
• D)To make a profit on sales

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Definitions:

Average Operating Assets

The average value of the assets used in the normal operating activities of a business over a specific period.

Return On Investment

A measure of the profitability of an investment, calculated as a percentage of the return divided by the cost of the investment.

Return On Investment

A metric to assess the effectiveness or profit generated by an investment in comparison to its expense.

Net Operating Income

Net operating income is the total profit of a company derived from its regular, core business operations, excluding deductions for interest and taxes.