In determining whether a contract containing both a sale of goods and a service is a UCC contract or general contract, a majority of states follow the predominant purpose test

Which of the following statements pertaining to term insurance is CORRECT?

A) Nancy and Jennifer are the same age and have term policies of identical face amounts. Nancy's policy is renewable; Jennifer's policy is nonrenewable. Jennifer pays the higher premium. B) A term policy cannot be both renewable and convertible. C) Term insurance provides protection for only a temporary period. D) Jorge decides to exercise an option to renew his term insurance, but first he must pass a physical examination."

In a trade acceptance, the drawer is ordered to pay a specified sum of money to the drawee

Indicate whether the statement is true or false