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Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612 Exercise 3
For a contract governed by the UCC sales article, which one of the following statements is correct? (a) Merchants and non-merchants are treated alike.
(b) The contract may involve the sale of any type of personal property.
(c) The obligations of the parties to the contract must be performed in good faith.
(d) The contract must involve the sale of goods for a price of $500 or more.
(b) The contract may involve the sale of any type of personal property.
(c) The obligations of the parties to the contract must be performed in good faith.
(d) The contract must involve the sale of goods for a price of $500 or more.
Explanation
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The correct Answer is (c), The obligatio...
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
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