Assuming Adoption of the UCC,which of the Following Is True

question 54

Multiple Choice

Assuming adoption of the UCC,which of the following is true regarding whether the buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC?

• A)The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC without any limits.
• B)The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than one year.
• C)The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than six months.
• D)The buyer and seller may negotiate a shorter time for the statute of limitations than that allowed by the UCC so long as the time period is not less than two years.
• E)The buyer and seller may not negotiate a shorter time for the statute of limitations than that allowed by the UCC.

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Definitions:

Ego

In psychoanalytic theory, a part of the personality that mediates between external reality, the id, and superego, and is responsible for realistic and socially appropriate behavior.

Amoral

Lacking moral sense; unconcerned with the rightness or wrongness of something.

Ego And Id

Fundamental components in Freudian psychoanalytic theory where the id is the primal desires and drives, and the ego is the realistic part that mediates between the desires of the id and the morals of the superego.

Completely

Totally or entirely; having all parts or elements.