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18-25 are True and False Questions Please state whether they are true or false 18. Outputs and requirements contracts state clear amounts for and are
18-25 are True and False Questions Please state whether they are true or false
18. Outputs and requirements contracts state clear amounts for and are thus, recognized as valid contracts under the UCC. e clear amounts for the purposes of establishing consideration 19. The definition of "goods" in the UCC may include timber, miner goods" in the UCC may include timber, minerals, growing crops, or a building. 20. The common law "mirror image" rule has been modified by the Code. 21. The contracts of a person who is adjudicated insane and placed in care of a guardian are void. 22. The Parol Evidence Rule measure the intent of the parties to a contract by limiting the review by a court to only the original written agreement. 23. 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. 24. If a contract does not comply with the statute of frauds, it is void. 25. The purpose of Article 2 of the UCC is to modernize, clarify, simplify, and make uniform the law of sales. MULTIPLE CHOICE (3 Points Each) 1. A contract in which both parties exchange promises is aStep by Step Solution
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