Asked by
Tushar Kumar
on Nov 27, 2024Verified
Minh owns a beach house that she rents to vacationers. Minh gives her son Ngo a trip to Omaha on his graduation from community college. Minh sells her car to her neighbor Phan for $4,500. UCC Article 2 covers
A) the beach house rentals.
B) the gift to Ngo.
C) the sale to Phan.
D) none of the choices.
UCC Article 2
Deals specifically with transactions involving the sale of goods under the Uniform Commercial Code.
Business Assets
Economic resources or valuable items owned or controlled by a business, which are expected to provide future benefits.
Vacationers
Individuals who are traveling or visiting a place away from home for leisure and relaxation.
- Comprehend the role of the UCC in the context of goods leases and categorize transactions accordingly.
Verified Answer
BN
Learning Objectives
- Comprehend the role of the UCC in the context of goods leases and categorize transactions accordingly.