Which of the Following Is True Regarding the Sources of Laws

question 62

Multiple Choice

Which of the following is true regarding the sources of laws that interpret sales contracts?

• A) Three sources of laws that interpret sales contracts exist: state common law, the Uniform Commercial Code, and state statutory law.
• B) Two sources of laws that interpret sales contracts exist: state common law and the Uniform Commercial Code.
• C) Two sources of laws that interpret sales contracts exist: the Uniform Commercial Code and state statutory law.
• D) Two sources of laws that interpret sales contracts exist: state common law and state statutory law.
• E) The Uniform Commercial code is the only source of law interpreting sales contracts.

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Definitions:

Dictated

Refers to something that is spoken aloud for another person to write down or for a machine to record.

Composed

Being calm and self-possessed; serenity in behavior or attitude.

Identifies

Recognizes or establishes the identity of someone or something, often through analysis or comparison.

Recipient

An individual or entity that receives something from another source, such as a transfusion, donation, or award.