Which of the Following Statements Is True About the Uniform

question 41

Multiple Choice

Which of the following statements is true about the Uniform Commercial Code (UCC) ?

• A) The main purpose of the UCC was to enable private parties to enter into commercial transactions regulated by tariffs and government restrictions.
• B) The most obvious purpose of the UCC was to establish a uniform law to govern commercial transactions that often take place within the state.
• C) The drafters were successful in achieving complete uniformity.
• D) The UCC is adopted by all states except Louisiana, which has adopted only part of the code.

---

Definitions:

Contract

An agreement legally binding between two or more entities, carrying reciprocal duties.

Uniform Electronic Commerce Act

Legislation designed to standardize rules and regulations for electronic transactions to ensure legal recognition and enforceability.

Electronic Commerce

The buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.

Canada

A North American country consisting of ten provinces and three territories, known for its vast landscapes, multicultural heritage, and bilingual status (English and French).