Asked by Anuja Ashok on Jun 17, 2024
Verified
Contracts for the sale of goods are governed by which of the following?
A) The common law
B) Contract law
C) Article 2 of the Uniform Commercial Code (UCC)
D) The common law and contract law
E) None of these choices is correct.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize laws across the states.
Sale of Goods
A commercial transaction in which a seller transfers ownership of tangible personal property to a buyer for a price.
- Determine the scope of regulation and the exceptions within Article 2 of the Uniform Commercial Code (UCC).
Verified Answer
CG
Courtney GarzaJun 19, 2024
Final Answer :
C
Explanation :
Contracts for the sale of goods are specifically governed by Article 2 of the Uniform Commercial Code (UCC), which is a comprehensive set of laws designed to provide uniformity and predictability in commercial transactions across the United States.
Learning Objectives
- Determine the scope of regulation and the exceptions within Article 2 of the Uniform Commercial Code (UCC).