Which of the following is an example of a contract that would be governed by Article 2 of the Uniform Commercial Code (UCC)?
A) Bill agrees to sell his farm to Sam for $200,000.
B) Chantelle agrees to work for Jenna as her personal secretary for $50 an hour for the next year.
C) Dwayne buys a used car from Tom's Autos for $7,000.
D) Carlo leases a car for a year from EZ Cars for $2,000 per month.
C
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Which of the following statements is TRUE?
A) If acceptance is communicated by letter, then it occurs as soon as the letter is properly posted, provided it was reasonable to use mail in the circumstances. B) If acceptance is communicated by fax, then it occurs as soon as the fax is transmitted. C) If acceptance is communicated by e-mail, then it occurs as soon as the email is transmitted. D) Both A and B E) All of the above.
Employees at Ottobath Corporation are encouraged to submit their ideas for improvements to processes and for new products. Ottobath likely possesses a high degree of ________
A) people orientation B) team orientation C) innovation and risk taking D) aggressiveness