What Is the Shortest Possible Statute of Limitations for Bringing

question 59

Multiple Choice

What is the shortest possible statute of limitations for bringing a lawsuit based on breach of contract if the UCC applies?

• A)Four years.
• B)One year.
• C)Two years.
• D)Three years.
• E)Six months.

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Definitions:

Suggested Retail Price

The price at which the manufacturer recommends a retailer sell a product for to consumers.

Merchandise

Goods that are bought and sold within a market or industry.

Collect Like Terms

The process in algebra of combining terms that have the same variables raised to the same power to simplify expressions or equations.

Collect Like Terms

The method in algebra which involves merging terms that possess identical variables elevated to the same exponent.