According to a Recent Five-Year Survey of U

question 34

Multiple Choice

According to a recent five-year survey of U.S.business ownership, the number of black-owned businesses rose

• A)45 percent
• B)450 percent
• C)90 percent
• D)25 percent
• E)4.5 percent

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Definitions:

Voidable

Refers to a legal agreement or transaction that is valid and enforceable, but can be annulled or terminated by one or more of the parties involved due to certain defects or circumstances.

Contract

A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.

UCC Contract

A contract regulated under the Uniform Commercial Code, which governs commercial transactions in the United States.

Terms

Conditions and stipulations outlined in a contract or agreement, specifying the rights and obligations of the parties involved.