1.Manny's Computers, Inc. is a company that services desktop and laptop computers. The company provides service to individuals on an as-needed basis. The company also has contracts with several companies to repair inoperable computers or to provide upgrades. The companies pay Manny's Computers monthly even if no service is needed during a particular month. When service is needed, no additional costs are charged to the company. Manny's Computers keeps a supply of frequently used parts on hand in order to insure that it can replace parts that need replacing rapidly. Are Manny's Computers contracts with the companies covered by the Uniform Commercial Code, Article 2 on Sales? Support your answer. (4 points)

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2.As found in the textbook, listthe requirements an instrument must meet to be negotiable. (7 points).

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3.Sally Secretary was an administrative assistant to Daniel Executive. Mr. Executive regularly made Ms. Secretary feel uncomfortable by commenting on how well her clothes fit and her overall appearance. Ms. Secretary ignored Mr. Executive's comments to the best of her ability because she appreciated that she was well-paid by the company and she did not want to lose her job. One day, Mr. Executive touched Ms. Secretary inappropriately, so she reported him to Human Resources. After an investigation, Mr. Executive was fired, and Ms. Secretary was offered a contract stating that the company would give her $5,000 if she agreed not to sue the company for sexual harassment. Was there valid consideration? (3 points)

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