Asked by Zarria Turner on Jun 02, 2024
Verified
The UCC does not cover:
A) negotiable instruments.
B) investment securities.
C) sales of goods.
D) gifts.
Ucc
The Uniform Commercial Code (UCC) is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.
Negotiable Instruments
Financial documents that promise to pay the bearer or named party a specific sum of money, either on demand or at a set time.
Investment Securities
Financial instruments such as stocks, bonds, and mutual funds that are purchased with the expectation of earning a return.
- Comprehend the specific scenarios under which gifts may be given and their effects on the law.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
The Uniform Commercial Code (UCC) primarily deals with transactions involving personal property, including sales of goods (C), negotiable instruments (A), and investment securities (B). It does not govern the transfer of gifts (D), as gifts do not involve a sale or transaction in the commercial sense that the UCC regulates.
Learning Objectives
- Comprehend the specific scenarios under which gifts may be given and their effects on the law.