Section 2-201(1) of the Uniform Commercial Code (UCC) States That

question 50

Multiple Choice

Section 2-201(1) of the Uniform Commercial Code (UCC) states that ________.

• A) all lease contracts must be in writing
• B) lease contracts involving payments of $1,000 or more must be in writing
• C) all sales contracts must be in writing
• D) sales contracts involving payments of $500 or more must be in writing

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Definitions:

Managers

Individuals in charge of directing and overseeing the activities of a group or organization to achieve specific objectives.

Union Organizing Campaign

A coordinated effort aimed at convincing workers to join or form a union to negotiate collectively with their employer.

Organizations

Groups of people who work together in an organized way for a shared purpose.

Wagner Act

A foundational statute in United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.