What Are the Rights of the Parties Under the UCC

question 37

Multiple Choice

What are the rights of the parties under the UCC to provide for remedies in addition to those provided by the UCC?

• A)Parties to a commercial sales agreement may provide for remedies in addition to those provided by the UCC only if both sides are represented by an attorney.
• B)Parties to a commercial sales agreement may not provide for remedies in addition to those provided by the UCC.
• C)Parties to a commercial sales agreement may provide for remedies in addition to those provided by the UCC only if both parties are merchants.
• D)Parties to a commercial sales agreement may provide for remedies in addition to those provided by the UCC.
• E)Parties to a commercial sales agreement may provide for remedies in addition to those provided by the UCC only in transactions involving over $10,000 in value.

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Definitions:

Sixth Amendment

The Sixth Amendment is a part of the U.S. Constitution that guarantees the rights of criminal defendants, including the right to a speedy and public trial, an impartial jury, to be informed of the nature and cause of the accusation, to be confronted with the witnesses against them, to obtain witnesses in their favor, and to have the assistance of counsel for their defense.

Eighth Amendment

A provision of the U.S. Constitution prohibiting the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Cruel and Unusual Punishment

Punishment prohibited by the Eighth Amendment to the United States Constitution, including torture or other forms of punishment too severe for the crime committed.

Extortion

The criminal act of obtaining money, property, or services from an individual or institution through coercion.