Under the uniform commercial code (ucc), when a contract for the sale or lease of goods is silent about the payment, the:______.

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Under the uniform commercial code (ucc), when a contract for the sale or lease of goods is silent about the payment, the $1,000.

A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and responsibilities amongst its parties. A settlement usually entails the switch of products, offerings, money, or a promise to switch any of those at a destiny date

Contracts are the heart and soul of all commerce; they are a mutual agreement between two (or more) events that, upon signing, create prison obligations that each side should adhere to. this may be as simple as shopping for a product or selling a service.

The 3 most commonplace settlement types encompass: constant-rate contracts. price-plus contracts. Time and substances contract.

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