Which of the following is not true about Article 2(
A) of the UCC?
A) Article 2(A) was drafted in the late 1950s, a few years after Article 2 was drafted.
B) Many of its provision are similar to corresponding provisions of Article 2.
C) The lessor is the person who transfers the right of possession and use of the goods under
the lease.
D) The primary motivation in creating a separate Article for leases was to address those
areas where the sales provisions didn't exactly fit a lease transaction.
A
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The decline of Kodak Inc. in the camera and film business is NOT explained by
a. the rise of Japanese rivals such as Fuji Photo Film Co. b. the development of digital cameras and smart phones that operate as cameras. c. anti monopoly laws that broke Kodak up into small, competing companies. d. constant innovation and attention to changing trends in recreational photography.
Which of the following typically would not be done to satisfy a current liability?
a. Use long-term assets to satisfy the liability b. Render a service to satisfy the liability c. Use current assets to satisfy the liability d. Take on another current liability to satisfy the liability
If a company is perceived positively by the public, employee morale is often higher.
Answer the following statement true (T) or false (F)
A(n) ____________________ relationship is created when one person rents real property from another
Fill in the blank(s) with correct word