Under the UCC,parties to a Contract Cannot Limit or Exclude

question 12

True/False

Under the UCC,parties to a contract cannot limit or exclude consequential damages.

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Definitions:

Primary Market

A subdivision of financial markets in which securities are sold for the first time. The sale is by the issuing company to investors. Compare with Secondary market.

Capital Market

A financial market in which longer-term (at least one year) debt and equity securities are traded.

Securities And Exchange Commission

A U.S. government agency responsible for enforcing the laws governing the securities industry, including the stock and options exchanges.

Insider Trading Laws

Regulations that prohibit trading a public company's stock or other securities by individuals with access to non-public information.