Which of the following is true regarding the UCC?
A) The UCC does not regulate sales of goods by nonmerchants.
B) The UCC regulates sales of goods by both merchants and nonmerchants,and the same set of rules always apply regardless of whether a merchant or nonmerchant is involved.
C) The UCC regulates sales of goods by both merchants and nonmerchants,but different rules may apply to them.
D) The UCC regulates sales of goods by nonmerchants only if more than $1,000 in sales is at issue, and the same set of rules apply to nonmerchants as well as merchants.
Correct Answer:
Verified
Q21: Under the UCC,a firm offer only applies
Q26: Under the UCC,which statement is not true
Q27: If all parties are merchants,additional provisions in
Q28: Which of the following statements best describes
Q28: UCC Section 2-319 expressly authorizes the buyer
Q29: If a sales contract requires the seller
Q30: What are items of personal property that
Q32: Under the UCC,a failure to perform is
Q34: Which of the following is an example
Q40: Which of the following is governed by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents