Which of the Following Are Considered Goods Under the Uniform

question 96

Multiple Choice

Which of the following are considered goods under the Uniform Commercial Code?

• A)Minerals taken from real estate and sold by the owner.
• B)Soil taken from real estate and sold by the owner.
• C)The right,sold by the owner to another party,to remove soil from real estate.
• D)Minerals taken from real estate and sold by the owner; soil taken from real estate and sold by the owner; and the right,sold by the owner to another party,to remove soil from real estate.
• E)Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner; but not the right,sold by the owner to another party,to remove soil from the real estate.

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Definitions:

Interest Rates

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal.

Premium

The amount by which the price of a financial instrument or insurance policy exceeds its face value or the cost above the normal price.

Modified Duration

A measure indicating the sensitivity of a bond's price to changes in interest rates, estimating the percentage price change for a parallel shift in yield curves.