Spouse Dominant Decision-Making Implies That

question 232

Multiple Choice

Spouse dominant decision-making implies that

• A)the husband makes the majority of the purchase decisions.
• B)the wife makes the majority of the purchase decisions.
• C)either the husband or the wife is primarily responsible for purchase decisions.
• D)both the husband and the wife make the decisions together.
• E)there is no clear cut decision-making, and most purchases are made by default.

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Definitions:

Merchant

An individual or company engaged in the trade of goods, services, or commodities for profit.

UCC

The Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize the law across the states.

Physical Delivery

Refers to the actual transfer of the underlying asset rather than a cash settlement in futures and options trading.

Sale On Approval

A conditional sale that is to become final only in case the buyer, after a trial, approves or is satisfied with the article sold.