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Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true?


Definitions:

Document of Title

is a legal document that proves a person’s rights to possess and control goods or properties, often used in the context of shipping or storage.

UCC

The Uniform Commercial Code, a set of laws that govern commercial transactions in the United States.

Consideration

An element of a contract involving something of value exchanged between parties, which can include money, services, or promises, necessary for a valid contract.

E-mail

A method of exchanging messages between people using electronic devices, widely used for both personal and professional communication.

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