What is the definition of "goods" under Article 2 of the UCC?
A) "Goods" are defined as tangible things that are movable at the time of their identification to the contract.
B) "Goods" are defined as intangible things that are movable at the time of their identification to the contract.
C) "Goods" are defined as tangible things that are immovable at the time of their identification to the contract.
D) "Goods" are defined as fixtures.
E) "Goods" are defined as intangible things that are immovable at the time of their identification to the contract.

Question

Quizplus · Accepted Answer

Under Article 2 of the UCC, "goods" are defined as tangible things that are movable at the time of their identification to the contract. This definition includes things like merchandise, raw materials, and finished products that can be physically transported. It does not include intangible items such as services or intellectual property. Additionally, goods may be attached to real property, but only if they can be removed without damaging the property itself (e.g. a bookcase that is bolted to the wall).

What Is the Definition of "Goods" Under Article 2 of the UCC