Asked by kiasjah mathews on Jun 20, 2024
Verified
The Uniform Commercial Code applies only to sales of goods by manufacturing firms who ship goods to buyers interstate.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across states.
Interstate
Refers to activities, agreements, or commerce that occur or are conducted between two or more states.
- Comprehend the relevance of the Uniform Commercial Code (UCC) in the context of goods sales and differentiate it from services, real estate, and intellectual property rights.
Verified Answer
LR
Lizeth RamirezJun 21, 2024
Final Answer :
False
Explanation :
The Uniform Commercial Code (UCC) applies broadly to transactions involving the sale of goods, and it is not limited only to manufacturing firms or interstate shipments. It covers a wide range of commercial transactions and is applicable to sales by merchants and non-merchants alike.
Learning Objectives
- Comprehend the relevance of the Uniform Commercial Code (UCC) in the context of goods sales and differentiate it from services, real estate, and intellectual property rights.