Under Article 2 of the UCC,why Does It Matter Whether

question 90

Multiple Choice

Under Article 2 of the UCC,why does it matter whether a party to a contract is a merchant?

• A)It is the test for applying Article 2 of the UCC.
• B)Merchants are treated differently than other parties.
• C)All contracts in which one or both parties are merchants are handled under Article 2A of the UCC.
• D)Article 2 does not concern itself with cases regarding the transactions of goods.

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Definitions:

Zinc

A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.

Production Function

An analytical expression that shows how the amounts of different inputs determine the maximum quantity of output that can be produced.

Labor

The human effort, including both physical and mental exertion, used in the production of goods and services.

Machines

Mechanical or electronic devices that perform tasks or assist in carrying out tasks, ranging from simple tools to complex systems.