The UCC's Article 2 does not cover the sale of:
a. a truck load of printer paper b. furniture
c. a load of corn
d. a computer sold to a business
e. all of the other specific choices are covered by Article 2
e
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The principal of the note is the face amount that the maker promises to pay at maturity
Indicate whether the statement is true or false
The use of precedent to reach legal conclusions is so common that legal reasoning can be characterized as predominantly analogical reasoning
Indicate whether the statement is true or false
With a margin account, you can expect
A) to pay interest on a broker's loan. B) to leverage the amount you invest. C) to magnify your gains or losses. D) all of the above
The accounts receivable turnover is calculated by:
A. Dividing net sales by average accounts receivable and multiplying by 365. B. Dividing net income by average accounts receivable. C. Dividing average accounts receivable by net sales. D. Dividing average accounts receivable by net sales and multiplying by 365. E. Dividing net sales by average accounts receivable.