Which of the Following Will Be Enforceable Under UCC

question 4

Multiple Choice

Which of the following will be enforceable under UCC?

• A) On January 1, 1998, Hannah makes an oral agreement to pay $4,000 to Harry for his bike on June 1, 1999.
• B) On January 1, 1998, Hannah makes an oral agreement to pay $700 to Harry for his bike on June 1, 1999.
• C) On January 1, 1998, Hannah makes an oral contract to pay $4,000 to Harry for his bike which she has received and accepted by June 1, 1999.
• D) On January 1, 1998, Hannah makes an oral agreement to pay $6,000 to Harry for his house.
• E) On January 1, 1998, Hannah makes an oral agreement to pay $4,000 to Harry for his bike by June 1, 1999.

---

Definitions:

Financial Position

A snapshot of the assets, liabilities, and equity of a company at a specific point in time.

Net Increase

The difference between the current period's figure and the previous period's figure when the current period's figure is larger.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Operating Activities

Business activities directly related to the production and delivery of goods and services, reflecting the company's core operations.