1. Under Article 2 of the UCC, which of the following is least likely to be recovered by a plaintiff who did not deal directly with the defendant?
A) Basis-of-the-bargain damages.
B) Personal injury.
C) Property damage.
D) Indirect economic loss.
2. D wants to borrow $1000 from C. C, however, wants some additional security. Thus, D gets S to agree to pay D’s debt in the event that D first defaults. This agreement:
A) Is covered by the Statute of Frauds because it is for an amount exceeding $500.
B) Is covered by the Statute of Frauds because it is a collateral contract.
C) Is not covered by the Statute of Frauds because S is not the executor or administrator of an estate.
D) Is not covered by the Statute of Frauds because it is an original contract rather than a collateral contract.
