QUESTION 38 To satisfy the Statute of Frauds under UCC Article 2 there must be:
ID: 357514 • Letter: Q
Question
QUESTION 38
To satisfy the Statute of Frauds under UCC Article 2 there must be:
none of the other choices are correct
a verbal agreement
a full description of all goods involved in the sale
a notarized document detailing all details of the sale and contract
a legal document signed by both parties to the contract and witnessed by a judge
QUESTION 39
The ____ means that there are also responsibilities imposed on parties who commit to binding relationships in contracts.
freedom of economics
freedom of torts
freedom of speech
freedom of contract
freedom of sales
QUESTION 40
Which of the following is not a category of trademarks:
all of the other choices are categories of marks
suggestive
generic
arbitrary and fanciful
descriptive
QUESTION 41
The process of settling the accounts and liquidating the assets of a corporation is called:
dissolution
termination
certification
none of the other choices
transference
a.none of the other choices are correct
b.a verbal agreement
c.a full description of all goods involved in the sale
d.a notarized document detailing all details of the sale and contract
e.a legal document signed by both parties to the contract and witnessed by a judge
Explanation / Answer
Question 38:- To satisfy the Statute of Frauds under UCC Article 2 there must be:
Answer:- a) none of the other choices are correct
Because the UCC article 2 says that there should be some basis for believing that the parties made a contract for the sales of goods.
Question 39:- The ____ means that there are also responsibilities imposed on parties who commit to binding relationships in contracts.
Answer:- d) freedom of contract
Because freedom of contracts says that there are also responsibilities imposed on parties who commit to binding relationships in contracts, a hallmark of the law of contracts.
Question 40:- Which of the following is not a category of trademarks:
Answer:- a) all of the other choices are categories of marks
Question 41:- The process of settling the accounts and liquidating the assets of a corporation is called:
Answer:- d. none of the other choices
Because the process of settling the accounts and liquidating the assets of a corporation is called winding-up.
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