Standardized Time Zones Were First Adopted by

question 40

Multiple Choice

Standardized time zones were first adopted by

• A)national meat-packing companies.
• B)the postal service.
• C)the U.S.Army.
• D)railroad corporations.

Analyze the role of documents of title in transferring title and risk of loss.

Identify the characteristics of goods and the implications for contracts involving future goods or uniquely manufactured items.

Understand the legal differences between sales and bailments.

Recognize the implications of the UCC on merchants, including the modifications to common law rules.

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Definitions:

Imports

Goods or services brought into one country from another for sale or use.

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Exports

Goods, services, or technology sent out of a country to be sold in another.

Imports

Goods and services purchased from foreign producers, brought into a country.