Discuss the concept of freedom of contract under Articles 2 and 2A of the UCC
Most of the Code's provisions are not mandatory but permit the parties to vary or displace them altogether by agreement. However, the obligations of good faith, diligence, reasonableness, and care may not be disclaimed by agreement. The parties may by agreement determine the standards by which to measure the performance of these obligations, as long as the standards are not obviously unreasonable.
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________ products are those products purchased for further processing or for use in conducting a business
A) Unsought B) Specialty C) Shopping D) Industrial E) Convenience
Apple often comes out with new products that require new chargers for their products. These old chargers are then hard to find and buy. This is making older products become obsolete due to replacement charger issues. This is an ethical issue called
A. time to market. B. bait-and-switch. C. diffusion. D. diversion. E. planned obsolescence.
A(n) __________ outlines the knowledge, skills, education, physical abilities, and other characteristics needed to perform a specific job adequately.
A. job description B. application form C. employment test D. realistic job preview E. job specification
The following information for Year 2 is taken from the accounts of Tuttle Company. The company uses the periodic inventory system.Inventory, December 31, Year 1$9400? Purchases 41,400? Purchase returns and allowances 740? Purchase discounts 540? Freight on goods purchased under terms FOB shipping point 1740? Freight on goods sold under terms FOB destination 940? Cost of goods sold 29,800? Based on this information, what is the inventory at December 31, Year 2?
A. $21,460 B. $12,340 C. $28,860 D. $19,120