1. To satisfy the Statute of Frauds under UCC Article 2 there must be:

a. none of the other choices are correct

b. a verbal agreement

c. a full description of all goods involved in the sale

d. a notarized document detailing all details of the sale and contract

e. a legal document signed by both parties to the contract and witnessed by a judge

2. The ____ means that there are also responsibilities imposed on parties who commit to binding relationships in contracts.

a. freedom of economics

b. freedom of torts

c. freedom of speech

d. freedom of contract

e. freedom of sales

3. Which of the following is not a category of trademarks:

a. all of the other choices are categories of marks

b. suggestive

c. generic

d. arbitrary and fanciful

e. descriptive

4. The process of settling the accounts and liquidating the assets of a corporation is called:

a. dissolution

b. termination

c. certification

d. none of the other choices

e. transference