All of the following are true of Article II of the Uniform Commercial Code EXCEPT it

A. stipulates that the sales agreement can be enforced even though it does not specify the selling price or the time or place of delivery.
B. requires that a buyer pay a reasonable price for goods at the time of delivery if the buyer and seller have not agreed on price.
C. covers the sale of stocks and bonds, personal services, and real estate.
D. addresses the rights of buyers and sellers, transfers of ownership, warranties, and the legal placement of risk during manufacture and delivery.
E. covers sales agreements for goods and services such as installation.


Answer: C

Business

You might also like to view...

When a company purchases investments with the intent to profit on short-term changes in price, the company should classify these investments as available-for-sale

Indicate whether the statement is true or false

Business

In the sales and operations planning process, which of the following is an option for influencing supply?

A. price B. back orders and reservation systems C. advertising and promotions D. use of subcontracting

Business

Discuss the criteria to be considered when choosing a data gathering strategy.

What will be an ideal response?

Business

Which of the following elements is added to the transaction value of goods to determine their dutiable value?

a. Packing costs incurred by the buyer b. International freight charges c. Any license fee the buyer must pay d. Both a and c

Business