1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
14

In the sale of a business, if the requirements of the Uniform Commercial Code are not

Business
1 answer:
alina1380 [7]3 years ago
5 0

If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

The UCC comprised of rules that applied for the following contracts:

  • Sale of goods
  • Goods leasing
  • negotiable instruments
  • banking transactions
  • letter of credit
  • investment securities
  • transactions that are secured

It is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller

So, the parties that do not suffer are:

  1. Broker
  2. Creditor
  3. Lender

Therefore we can conclude that If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

Learn more about Uniform Commercial Code here: brainly.com/question/8476938

You might be interested in
Historically the stock market goes up when there is bad news on unemployment. The latest statistics show the unemployment rate i
Evgesh-ka [11]

Answer: C. The stock market now

Explanation:

The Argument target refers to the subject of the discussion in question. The speaker in question is attempting to explain why it would be a good time to buy stocks in the present which concerns the stock market today making it the subject.

The speaker does this by calling into evidence, the correlations between variables in the past and showing that with one variable ( high unemployment) currently in effect, the other variable (increasing stock prices) which it correlates with therefore has a chance of happening in the present.

7 0
3 years ago
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off.
blondinia [14]
It is true because a country that imports a tariff on shoes buyers of shoes in that country don’t do well so the answer would be True
7 0
3 years ago
On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers
NeX [460]

Answer:

a) $22,010

b) $3,780

c) $25,790

Explanation:

a) In calculating the value of inventory still left, the total value needs to be calculated first,

= (80 freezers * $540) + $820 ( transport fees)

= 43,200 + 820

= $44,020

40 out of 80 freezers have not been sold so,

= 40/80 * 44,020

= $22,010

b) In calculating the profit, subtract the expenses from the sales

Sales = 40 * 700

= $28,000

= 28,000 - Cost of refrigerators - commission of 6% of sales - advertising - installation

= 28,000 - 22,010 - (28,000*0.06) - 180 - 350

= $3,780

c) The amount remitted by the consignor will be,

= Sales - commission - advertising - installation

= 28,000 - (28,000 * 0.06) - 180 - 350

= $25,790

7 0
3 years ago
How would you check the accuracy of the opening balance of the most recent statement?
Trava [24]

Answer:

I think the answer is B verify last month

6 0
3 years ago
Thompson Company incurred research and development costs of $100,000 and legal fees of $30,000 to acquire a patent. The patent h
wariber [46]

Answer:

b. 3,000

Explanation:

The computation of the  Patent Amortization Expense in the first year is shown below:

= Legal fees to acquire a patent ÷ estimated useful life

= $30,000 ÷ 10 years

= $3,000

Only the legal expense would be amortized in a year.

And, the lesser period of legal life i.e 20 years and useful life i.e 10 years would be taken in the computation part. So, the lesser time period would be considered i.e useful life of 10 years

7 0
3 years ago
Read 2 more answers
Other questions:
  • Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan
    9·1 answer
  • Which of the following types of business does not require an attorney to set up?
    11·2 answers
  • In one state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equit
    7·1 answer
  • If you invest $100 today in a bank account that pays a one time interest at the end of each year (you leave the interest you col
    5·1 answer
  • Toyna Recruitz is an organization that allows its employees to work from home. Most of the interaction between the employees and
    12·1 answer
  • purchased decorating machine for $430,000 on January 1, 2020. depreciates machines of this type by the straight-line method over
    12·1 answer
  • Flounder Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $434,700. The estimated fair
    12·1 answer
  • A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test rati
    13·1 answer
  • Who's good a economics?
    11·1 answer
  • Leroux health insurance is considering changing the options in one of their health care plans (plan a) based on customer feedbac
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!