Asked by Jason Vowels on May 18, 2024
Verified
Which of the following is NOT covered by Article 2 of the UCC?
A) Vehicles
B) Appliances
C) Stocks
D) Books
Article 2
A section of the Uniform Commercial Code that governs the sale of goods, specifying the rights, duties, and liabilities of parties involved.
Vehicles
Means of transport that are designed to move people or goods from one place to another, including cars, trucks, buses, and bicycles.
Appliances
Electrical or mechanical devices designed to perform household functions, such as refrigerators or washing machines.
- Familiarize oneself with the utility and coverage of the Uniform Commercial Code (UCC) and Common Law in contract oversight.
Verified Answer
GP
Gavriela PerrymanMay 23, 2024
Final Answer :
C
Explanation :
Article 2 of the UCC applies to contracts for the sale of goods,but it does not apply to contracts for the sale of real estate or intangibles such as stocks and bonds,because those kinds of property do not constitute goods.
Learning Objectives
- Familiarize oneself with the utility and coverage of the Uniform Commercial Code (UCC) and Common Law in contract oversight.