Under Article 2 of the UCC, Why Does It Matter

question 7

Multiple Choice

Under Article 2 of the UCC, why does it matter whether a party to a contract is a merchant?

• A) It is the test for applying Article 2 of the UCC.
• B) Merchants sometimes are treated differently than other parties.
• C) All contracts in which one or both parties are merchants are handled under Article 2A of the UCC.
• D) Article 2 does not concern itself with cases regarding the transactions of goods.

---

Definitions:

Pound/Dollar Market

The foreign exchange market where the British pound and the US dollar are traded, affecting international trade and economic relations between the UK and the USA.

American Products

Goods and services that are produced within the United States.

Flexible Exchange-rate

A currency system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct intervention by the country's government.