Which of the Following Will Be Enforceable Under UCC

question 30

Multiple Choice

Which of the following will be enforceable under UCC?

• A) On January 1 Hannah makes an oral agreement to pay $4,000 to Harry for his bike on June 1.
• B) On January 1, 2018, Hannah makes an oral agreement to pay $700 to Harry for his bike on June 1, 2019.
• C) On January 1, 2018, Hannah makes an oral contract to pay $4,000 to Harry for his bike which she has received and accepted by June 1, 2019.
• D) On January 1, 2018, Hannah makes an oral agreement to pay $6,000 to Harry for his house.
• E) On January 1, 2018, Hannah makes an oral agreement to pay $4,000 to Harry for his bike by June 1, 2019.

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Definitions:

Accumulated Depreciation

Represents the total depreciation expense that has been recorded against a fixed asset since it was acquired, reducing its book value on the balance sheet.

Fees

Fees are the charges levied by an entity in exchange for services or the grant of certain rights, differing from salaries or hourly wages.

Architect

A professional who plans, designs, and oversees the construction of buildings.

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial losses.