Which of the following is true of the Uniform Commercial Code (UCC)?
A) The UCC is an ordinance, but not a statute.
B) The provisions of the UCC cannot be modified from state to state.
C) The UCC has not been enacted in all fifty states.
D) Individual states have made changes to the UCC.
Question 2
In order for fraud liability to arise, the listener must actually rely on the false statement of fact.
Indicate whether the statement is true or false