Which of the following is a correct statement of the underlying principles of the UCC Article 2?
A. The UCC aims to ensure that all business-to-business transactions for the sale of goods have every term mentioned up front and in detail.
B. The UCC raises the bar for contract formation by allowing only contracts to be considered valid if there is a high level of Intent expressed between business parties.
C. The UCC allows a contract to be formed based on past commercial conduct, correspondence between parties, and Industry standards.
D. All of the answer choices are correct.
Answer (2)
The UCC Article 2 allows for flexible contract formation based on the intent of the parties rather than strict formalities. It emphasizes that agreements can be established through past conduct and correspondence. Thus, the correct answer is C.
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The UCC Article 2 fosters flexibility in contract formation, allowing agreements based on past conduct and correspondence instead of requiring detailed upfront terms. It prioritizes the parties' intent over formal contract requirements. Thus, the correct statement is that contracts can be formed based on various informal methods and standards. ;
