The Uniform Commercial Code (UCC) Differs from the United Nations

question 28

Multiple Choice

The Uniform Commercial Code (UCC) differs from the United Nations Convention on Contracts for the International Sale of Goods (CISG) in that the:

• A) UCC does not require contracts to be in writing, while CISG requires contracts for the sale of goods in excess of $300 to be in writing.
• B) CISG applies to the sale of consumer transactions, while the UCC governs both consumer and commercial transactions.
• C) UCC holds merchants to higher standards in some circumstances, while the CISG does not make a distinction between merchants and nonmerchants.
• D) CISG applies to both consumer and commercial transactions, while the UCC applies only to commercial sales of goods.

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Definitions:

Speeding

The act of exceeding the legally established speed limit while driving.

Criminal Court

A court that has jurisdiction over cases involving criminal offenses and dispenses justice according to criminal law.

Fraud

A wrongful or criminal deception intended to result in financial or personal gain.

Businessperson

An individual who is involved in activities for the purpose of generating revenue and profit.