Which of the following is true regarding Kim's statement that the UCC does not apply in the retail arena?

A) Kim is correct in that the UCC does not apply in the retail arena.
B) Kim is partially correct. The UCC does not apply in the retail arena if the parties have had significant past dealings under common law.
C) Kim is partially correct. The UCC does not apply in the retail arena if the parties are located in the same state.
D) Kim is partially correct. The UCC does not apply in the retail arena if the contract at issue is for an amount under $10,000.
E) Kim is incorrect.

Question

Angela Mecca · Accepted Answer

Final Answer : E, Explanation :  Kim is incorrect because the Uniform Commercial Code (UCC) does apply to transactions involving the sale of goods, regardless of whether it is in the retail or wholesale arena. The UCC is designed to govern sales contracts and does not exclude retail transactions.

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