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BUSINESS AND ECONOMICS EXAM 2022/2023 GUARANTEED SUCCESS A+ MIDTERM EXAM

1. A and B contract for the sale of goods, Later A, who is 13 years old, wants to cancel the contract on grounds of incapacity, Which of the following is true? Assume that neither A nor B is a merchant, a. The common law capacity rules apply, because Article 2 of the UCC has no rules on the subject, b. The common law capacity rules apply, because neither A nor B is a merchant, c. Article 2’s capacity rules apply, because this is a contract for the sale of goods, d. The Restatement (Secon...