Which of the Following Is True Under the UCC Regarding

question 29

Multiple Choice

Which of the following is true under the UCC regarding the right of a seller or lessor to presume acceptance?

• A) Sellers and lessors do not have the right to presume acceptance.
• B) The seller may presume acceptance if the buyer fails to reject goods within 48 hours, but the lessor may not presume acceptance.
• C) The lessor may presume acceptance if the lessee fails to reject goods within 48 hours, but the seller may not presume acceptance.
• D) Both lessors and sellers may presume acceptance if buyers or lessees fail to reject good within 48 hours.
• E) Both lessors and sellers may presume acceptance if buyers or lessees fail to reject good within a reasonable period of time.

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Definitions:

Price Effect

The impact on the market or consumers' purchasing behavior due to a change in the price of a good or service.

Megawatts

A unit of power equal to one million watts, often used to quantify the output of large power plants or the electricity consumption of large entities.

Natural Monopoly

A market situation where a single firm can supply the entire market more efficiently than multiple firms due to high fixed or start-up costs.

Producing Electricity

The process of generating electric power from sources of primary energy such as coal, natural gas, nuclear, solar, or wind energy.