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In the absence of a clear binding contract, which of the following is likely to prevail?
UCC
Federal Law
The Promisor
Summary Judgement
The correct answer is: Federal Law
In the absence of a clear binding contract, it is likely that federal law would prevail. This is because federal law is the highest form of law in the United States and takes precedence over state laws or the Uniform Commercial Code (UCC). The UCC is a set of laws that govern commercial transactions and is only applicable if a clear binding contract is present. The promisor refers to the party making a promise and summary judgement is a legal procedure that allows for a speedy resolution of a case without going to trial. Therefore, in the absence of a clear binding contract, neither the promisor nor summary judgement would be relevant.