Asked by Clara Candelario on Jun 29, 2024

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Which of the following are considered goods under the Uniform Commercial Code?

A) Minerals taken from real estate and sold by the owner.
B) Soil taken from real estate and sold by the owner.
C) The right,sold by the owner to another party,to remove soil from real estate.
D) Minerals taken from real estate and sold by the owner; soil taken from real estate and sold by the owner; and the right,sold by the owner to another party,to remove soil from real estate.
E) Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner; but not the right,sold by the owner to another party,to remove soil from the real estate.

Minerals

Naturally occurring inorganic substances with a definite chemical composition and physical properties.

Real Estate

Property consisting of land or buildings, and anything affixed to the land, which can include residential, commercial, and agricultural properties.

Remove Soil

The act of excavating or relocating dirt, sand, or earth from one location to another, often for construction or landscaping purposes.

  • Discriminate between the classification of goods and non-goods in accordance with the UCC, and recognize the criteria for a transaction to be deemed a sale of goods.
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JN
Jennica NewkirkJul 06, 2024
Final Answer :
E
Explanation :
Minerals,clay,and soil can all be treated as goods,with their sales contracts governed by Article 2 of the Uniform Commercial Code if the owner takes these items out of the ground and then sells them to the buyer; however,should the owner sell the buyer the right to come and remove the items,the contract would be governed not by the UCC but by common law for the sale of an interest in realty (more particularly,an interest known as a profit).