UCC Rules Regarding Acceptance of Goods and Payment Regarding Installment

question 76

Multiple Choice

UCC rules regarding acceptance of goods and payment regarding installment contracts mandate that:

• A) acceptance is not made until all shipments are received and then payment is made.
• B) acceptance is made separately for each shipment, however, payment is not due until the final shipment is received.
• C) payment must be made in advance and acceptance occurs after all shipments are received.
• D) acceptance is made separately for each shipment and payment for each shipment is due upon delivery of that shipment

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Definitions:

Electoral Votes

The votes cast by electors in the Electoral College, determining the winner of U.S. presidential elections.

House

Often referring to the House of Representatives, it is one of the two chambers of the United States Congress, the other being the Senate; members are elected to represent districts within states.

Senate

One of the two houses of the legislature in many countries, often tasked with reviewing and consenting to legislation, appointments, and treaties.

Property Ownership

The legal right or title to possess, use, and dispose of buildings, land, or other tangible objects.