Which of the Following Statements Is True Regarding Sales Contract

question 46

Multiple Choice

Which of the following statements is true regarding sales contract terms left open under the UCC?

• A)Leaving terms open makes the contract unenforceable.
• B)If not stated,the price is a "reasonable" price at the time of delivery.
• C)The price may be fixed by a market,a third person,or another standard,if so provided in the contract.
• D)A and C only.
• E)B and C only.

Appreciate the arguments for and against trade restrictions, including jobs, unfair competition, and protection-as-a-bargaining-chip.

Comprehend how unilateral, bilateral, and multilateral trade agreements impact domestic and international markets.

Identify the gains from international trade in terms of total surplus and the distribution of benefits among consumers and producers.

Understand the strategic implications of import tariffs and agricultural subsidies in international trade.

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Definitions:

Phonemic Speech

The aspect of language that deals with the system of sounds (phonemes) and their function and usage within a language.

Telegraphic Speech

A developmental stage in child language acquisition where speech is concise and includes only essential content words, resembling the succinctness of a telegram.

Symbolism

The use of symbols to represent ideas or qualities in literature, art, and other forms of cultural expression.

Bilingual Education

An educational approach that uses two languages for instruction with the aim of bilingual competency and academic achievement in both languages.