Katlyn pays Mobile Edge Electronics $500 for a tablet. Under the UCC,this is
A)a gift.
B)a lease.
C)a sale.
D)a non-taxable transaction.

Question

Quizplus · Accepted Answer

The payment of $500 indicates a transaction where ownership of the tablet is being transferred from the seller (Mobile Edge Electronics) to the buyer (Katlyn). This falls under the definition of a sale under the Uniform Commercial Code (UCC).

Katlyn Pays Mobile Edge Electronics $500 for a Tablet