Under the Uniform Computer Information Transactions Act,the Licensee Can Revoke

question 20

Multiple Choice

Under the Uniform Computer Information Transactions Act,the licensee can revoke acceptance of the information if:

• A)There is a material breach and discovery of the nonconformity was difficult at the time of delivery but was later discovered.
• B)There is a breach of any kind and discovery of the nonconformity was difficult at the time of delivery but was later discovered.
• C)There is a material breach,and after discovering the nonconformity at the time of delivery,the licensor agreed to cure the defect,but has not done so.
• D)There is a breach of any kind,and after discovering the nonconformity at the time of delivery,the licensor agreed to cure the defect,but has not done so.
• E)A or C will allow the licensee to revoke acceptance.

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Definitions:

Expansionary Monetary Policy

A policy by the central bank to increase the money supply and decrease interest rates to stimulate economic growth.

Short-run Phillips Curve

A graphical representation in economics showing a short-term inverse relationship between inflation and unemployment rates.

Long-run Aggregate-supply Curve

Represents the total quantity of goods and services that producers in an economy are willing and able to supply at different price levels when all production inputs are variable.

Short-run Aggregate-supply Curve

A curve in macroeconomics that shows the relationship in the short run between the price level and the quantity of goods and services that firms are willing and able to supply.