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Question
Which of the following statements is true about the laws under the Uniform Commercial Code (UCC)?
A. The laws of the UCC exclude individuals but include firms and charitable trusts in their scope.
B. The laws of the UCC permit sales of goods to have open nonquantity terms to be decided at a future time.
C. Section 2-207 of the UCC applies the mirror image rule for contracts involving the sale of goods.
D. The laws of the UCC allow the rules of consideration to apply to firm offers.
E. The statute of frauds under the UCC covers the sale of goods of $400 or less.
Answer
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