The UCC makes no distinction between contracts under seal and other written contracts for the sale of goods.

a. true
b. false

Answer: a. true

Business

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Which of the following tables would show the smallest factor for an interest rate of 10% for six periods?

a. Future value of an ordinary annuity of 1 b. Present value of an ordinary annuity of 1 c. Future value of an annuity due of 1 d. Present value of an annuity due of 1

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In a turnkey project, the contractor agrees to handle every detail of the project for a foreign client.

a. true b. false

Business