The UCC: A) sometimes imposes a higher standard of behavior on merchants than non-merchants. B) always imposes the same standards on merchants and non-merchants. C) regards everyone covered by the UCC as a merchant. D) none of the above.

Question

Business

Paola Acevedo

6 June, 04:59

The UCC: A) sometimes imposes a higher standard of behavior on merchants than non-merchants. B) always imposes the same standards on merchants and non-merchants. C) regards everyone covered by the UCC as a merchant. D) none of the above.

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Answers (1)

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Brittany Cuevas · Answer 1

The correct answer is letter "A": sometimes imposes a higher standard of behavior on merchants than non-merchants.

Explanation:

The Uniform Commercial Code or UCC is a set of rules regulating transactions and contracts mainly of the banking industry or individuals or entities making businesses outside their home state. The UCC has oversight on checks, drafts, letters of credit, investment securities, bank deposits, and sales of goods, but real estate.

The UCC tends to weigh the knowledge of merchants and non-merchants. The UCC considers merchants are at relatively advantage compared to non-merchants while offering products or services because buyers are prone to look for professional sellers. Therefore, the UCC imposes higher behavior standards for merchants than non-merchants.