Mary Owns a Small Real Estate Company That Arranges Apartment

question 71

Multiple Choice

Mary owns a small real estate company that arranges apartment leases for college students.She leases an apartment for nine months to Sara,a new undergraduate in the area.On her son's eighteenth birthday,Mary gives him a gift of a car.On her daughter's sixteenth birthday,Mary gives her a gift of $500.Mary sells her home gym to her neighbor for $1,000.Which of Mary's transactions would be covered by Article 2 of the UCC?

• A)The nine month lease of the apartment
• B)The gift of the car
• C)The gift of the $500
• D)The sale of the home gym

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Definitions:

Validity

The degree to which a test, tool, or study accurately measures what it is intended to measure or accurately reflects the concept it is intended to capture.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Termination

In various contexts, it can mean the end of an agreement, employment, process, or a project.

Baseline

Baseline refers to the initial conditions or metrics used as a comparison point before the start of an intervention or study to assess changes over time.