The Uniform Commercial Code controls:
a. contracts for the sale of goods.
b. contracts involving interstate commerce.
c. contracts involving banks.
d. contracts for the sale of real property.
e. None of the above
a
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Answer the following statement true (T) or false (F)
You need a down payment of $17,200 in order to purchase your first home 4 years from today. You currently have $14,014 to invest. In order to achieve your goal, what nominal interest rate, compounded continuously, must you earn on this investment? Do not round your intermediate calculations.
A. 5.48% B. 5.12% C. 3.84% D. 4.46% E. 6.20%
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Like the common law, the UCC provides that the parties must exchange new consideration to modify an existing sales contract
a. True b. False Indicate whether the statement is true or false