Which of the Following Statements Is True of Article 2

question 47

Multiple Choice

Which of the following statements is true of Article 2?

• A) Article 2 does not apply to contracts for the sale of goods.
• B) Article 2 applies to bonds, information, and other intangibles.
• C) Article 2 does not apply to service contracts.
• D) Article 2 applies to contracts for the sale of real estate or stocks.

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Definitions:

Convertible Debt

A type of investment or loan that can be converted into equity, or shares, of the borrowing company under certain conditions, often used by startups.

Valuation

The process of determining the present value of an asset or a company.

Venture Capitalist Funds

Funds pooled from investors for the purpose of investing in startup companies and small businesses with the potential for long-term growth.

Professional Investor

An individual or entity that invests in various financial instruments or assets as a primary occupation, often with considerable experience and resources.