Asked by Austin Husmann on Jun 11, 2024
Verified
Corporate stocks are treated as goods under the UCC.
Corporate Stocks
Equity securities that represent ownership shares in a corporation, entitling holders to a share of the corporation's profits through dividends.
- Gain insight into the implications and importance of the Uniform Commercial Code on business exchanges.
Verified Answer
BS
Bhalwinder SinghJun 16, 2024
Final Answer :
False
Explanation :
The UCC defines goods as all tangible things which are movable at the time of identification to the contract for sale.Corporate stocks are not tangible,so they are not goods.
Learning Objectives
- Gain insight into the implications and importance of the Uniform Commercial Code on business exchanges.
Related questions
The Uniform Commercial Code Was Created in ________
A Sale-On-Approval Contract Occurs When the Seller and Buyer Agree ...
A Contract Is a Sale-Or-Return Contract If the Seller Allows ...
The UCC Promotes Commerce by Simplifying and Streamlining Commercial Transactions
An Auto Lease Between a Consumer and a Car Dealer ...