Phil contracted with Best Tech to purchase a , printer, and projector for his home office. The contract included a service warranty for two years. The total cost of the goods purchased was $5,000 and the service warranty was an additional $275. Under the UCC, how is this contract classified?

Mixed contract

Explanation:

given data

contract service warranty =  2 years

total cost of the good purchased = $5,000

service warranty = $275

solution

Phil's contract with Best Tech here includes both goods and services for the purchase of goods and two years of service. Mixed contracts are contracts that combine both goods and services. Therefore, under the UCC, the agreement is classified as a mixed agreement. The primary purpose of the contract is to determine whether the combined agreement applies to the UCC or common law.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

answer; career pathways;