Question: UCC contracts and Common law contracts both require this element: a. legality of subject matter b. sale of goods c. service contract d. all of

UCC contracts and Common law contracts both require this element:

a. legality of subject matter

b. sale of goods

c. service contract

d. all of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

UCC contracts and Common law contracts both require this element: A) legality of subject matter B) sale of goods C) service contract D) all of the above

Q:

Canvas x C O Anyone under the care of a psychiatrist can have his contacts declared void or voidable due to imanity O Aminor may avoid part of a contract Contracts made by those who are intoxicated...

Q:

Question 6 Courts are generally more liberal in allowing duration ambiguity (i.e. less definite terms)in terms in business contracts, under the UCC, than when interpreting private contracts under...

Q:

Canvas x F Which one of the following is true regarding respect to contracts made by minors gewalty? O The adult party has the burden of proving an item purchased by a minor is necessary O Minors'...

Q:

1. Evelyn contracts to buy 100 boxes of glassware from Kim. Just before Kim is to perform, Evelyn tells her that she won't accept the goods and won't pay for them. Ten minutes later, Evelyn calls her...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

Question 1 2 pts Revocation of an offer is not good until receipt. True False D Question 2 2 pts The rejection of an offer terminates the offer even if the offeror shows the intent to keep the offer...

Q:

Chapter 4: Student Version Chapter 4: Understanding Contracts True or False 1. A contract is an agreement between two or more parties and must be in writing to be enforceable by law. (p. 102) 2. Much...

Q:

compute 10 years compounded net income growth rate YEAR - NET INCOME: 2013 - 4,960 2014 - 13,376 2015-16,497 2016 - 15,878 2017 - 15,006 2018 - 18,641 2019-22,269 2020-18,578 2021 - 23,653 2022...

Q:

The label on 1-gallon cans of paint states that the amount of paint in the can is sufficient to paint 400 square feet. However, this number is quite variable. In fact, the amount of coverage is known...

Q:

Analyze at least two major differences regarding revenue recognition between IFRS and GAAP. Recommend one strategy to resolve such differences. Support your recommendation with at least two examples...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...