Julia Leases an Apartment in Washington,D

question 41

Multiple Choice

Julia leases an apartment in Washington,D.C.for $2,200 per month.She buys a TV and a stereo system for $500.When she needs to visit her aunt in Virginia,Julia leases a car for the day for $65.Which of Julia's transactions is/are governed by Article 2A of the UCC?

• A)The apartment lease only
• B)Both the apartment lease and the car lease
• C)The car lease only
• D)The TV and stereo purchase only

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Definitions:

Corporation

A legal entity that is separate from its owners, with its own rights, privileges, and liabilities distinct from those of its members.

Director's Duties

Obligations that directors are expected to fulfill, including acting in the company's best interests and with due care.

Corporation

A legal entity recognized by law, separate from its owners, with the ability to own assets, incur liabilities, and conduct business.

Dividends

A portion of a company's earnings distributed to its shareholders, usually in the form of cash or additional stock.