Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

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Which of the following is not a purpose of the Uniform Commercial Code (UCC)?

To streamline the negotiation process for buying goods
To simplify the law of contracts
To foster uniformity in the laws governing commerce
To provide buyers with a better understanding of their rights

The correct answer is: To streamline the negotiation process for buying goods

Acknowledging the incorrect choices While A may seem like a possible purpose of the Uniform Commercial Code (UCC), it is not a stated purpose. The UCC does aim to simplify and streamline the process of buying and selling goods, but this is not the main purpose of the code. B and C are both valid purposes of the UCC, as it standardizes and simplifies contract law to promote uniformity in business transactions. D is not a stated purpose of the UCC, but it may still be an indirect benefit for buyers since the code clarifies their rights in commercial transactions.