Santos told his friend Ernesto that he would sell Ernesto his car for $5,000. However, on the day of the sale, Santos refused to sell the car for the agreed-upon price and demanded more money
Which of the following statements is true in this scenario?
A) Ernesto can sue Santos as their oral sales contract was binding.
B) Santos has violated Section 2-2011. of the Uniform Commercial Code (UCC).
C) The oral contract to trade a car for $5,000 is not binding, according to the Uniform Commercial Code (UCC).
D) Santos has violated Section 2A-2011. of the Uniform Commercial Code (UCC).
C
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Angie was injured when her car was struck by a driver who ran a red light. The other driver carried the minimum liability coverage necessary to be considered financially responsible
Angie's injuries were $15,000 above the minimum bodily injury limit. There is a coverage that can be added to the PAP that applies when a negligent driver carries the minimum liability insurance required by the state, but is less than the insured's actual damages for bodily injury. This coverage is called A) medical payments coverage. B) underinsured motorists coverage. C) bodily injury liability coverage. D) uninsured motorists coverage.
Acme, Inc. is considering a four-year project that has an initial outlay or cost of $100,000. The respective future cash inflows from its project for years 1, 2, 3 and 4 are: $50,000, $40,000, $30,000 and $20,000
Will it accept the project if it's payback period is 31 months? A) Yes, because it pays back in 25 months. B) Yes, because it pays back in 28 months. C) No, because it pays back in over 31 months. D) No, because it pays back in over 35 months.