I. Multiple Choice
1) Contract law is grounded in ________. A) state and federalcase law and statutes including the Uniform Commercial Code B)state and federal case law that now supersedes the UniformCommercial Code C) the Uniform Commercial Code alone, which nowsupersedes state and federal case law D) the Commerce Clause of theU. S. Constitution
2) Which of the following is an example of a contract that would begoverned by Article 2 of the Uniform Commercial Code? A) Billagrees to sell his farm to Sam for $200,000. B) Chantelle agrees towork for Jenna as her personal secretary for $50 an hour for thenext
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