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    Exam 20: The Formation of Sales and Lease Contracts
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    Katlyn Pays Mobile Edge Electronics $500 for a Tablet
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Katlyn Pays Mobile Edge Electronics $500 for a Tablet

Question 14

Question 14

Multiple Choice

Katlyn pays Mobile Edge Electronics $500 for a tablet. Under the UCC,this is


A) a gift.
B) a lease.
C) a sale.
D) a non-taxable transaction.

Correct Answer:

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