Which of the following statements should be governed by Article 2 of the Uniform Commercial Code?
A. Monica contracted to sing with her group at Nancy's wedding.
B. Barney leased his house to Mick for conducting business.
C. Bill contracted to sell 100 boxes of chocolates to a supermarket.
D. Andrew agreed to decorate the interiors of Jamie's house.
Answer: C
You might also like to view...
List the four steps, the proper order, of the purchasing and payment process.
What will be an ideal response?
What is the advantage of an interview over a survey?
A) You have a lower total count for respondents B) It is easier to determine the mean average on responses C) Interviews provide more in-depth answers D) Interviews provide objective based information E) Interviews allow for responses from more subject matter experts
Read the scenario about teams, and then answer the corresponding question. Five colleagues in human resources (HR) were tasked with reviewing options for employee benefits, researching less costly alternatives, and making recommendations to the HR director. This team has spent a month researching and reporting back. The group is finally in the last stages of preparing a recommendation report for
the director. The process went smoothly and worked well. In general, the team had a strong balance of expertise, which allowed each member to contribute equally and valuably. At the team's final review meeting, Joe stepped up to assign parts for the final proofread; Cherice made certain that everyone's ideas were heard; Lenny stepped in with a comment that eased tension when there were slight disagreements; Marsha kept minutes and compiled the final revisions; and Lance, as always, wanted to talk about the weekend. Consider the following team roles Team Roles Reporter: Prepares records and materials. Free rider: Doesn't do his or her share. Socializer: Pursues only the social aspect. Airhead: Prepares little or not at all. Harmonizer: Keeps tensions low. Facilitator: Makes certain that everyone is heard. Leader: Assumes a directive role. Detractor: Criticizes constantly. Determine which role best describes the team member. Team Member Team Role Marsha _________ A. Facilitator B. Harmonizer C. Leader D. Reporter E. Socializer Fill in the blank(s) with correct word
On January 1 of the current year, a company paid $200,000 cash to purchase 6%, 10-year bonds, with a par value of $200,000; interest is paid semiannually each June 30 and December 31. The company intends to hold these bonds until they mature. Prepare the journal entry for the interest received on December 31 of the current year.
What will be an ideal response?