1)

Depending on its contents, a single contract can be governed by the UCC and the common law of contracts.

Question options:

	True
	False

2)

Of the following transactions, which would be governed by Article 2 of the Uniform Commercial Code?

Question options:

	a contract to hire a painter
	a contract to hire a lawyer
	a contract to buy a house
	a contract to buy a bed

3)

Lori just purchased a brand new lawnmower for $500. When she got home and tried to use it, it would not work. She became angry and stated, "I'd sell this thing for $5." Her neighbor heard her and said, "I'll take it," and offered Lori the $5. Which of the following best describes this situation?

Question options:

	there is no contract because there was no consideration
	there is no contract because there was no acceptance
	an enforceable contract exists
	there is no contract because there was no offer