Mary owns a small real estate company that arranges apartment leases for college students.She leases an apartment for nine months to Sara,a new undergraduate in the area.On her son's eighteenth birthday,Mary gives him a gift of a car.On her daughter's sixteenth birthday,Mary gives her a gift of $500.Mary sells her home gym to her neighbor for $1,000.Article 2 of the UCC covers Mary's
A) lease.
B) gift of the car.
C) gift of $500.
D) sale of the gym.

Question

Mary owns a small real estate company that arranges apartment leases for college students.She leases an apartment for nine months to Sara,a new undergraduate in the area.On her son's eighteenth birthday,Mary gives him a gift of a car.On her daughter's sixteenth birthday,Mary gives her a gift of $500.Mary sells her home gym to her neighbor for $1,000.Article 2 of the UCC covers Mary's 
A) ​lease. 
B) ​gift of the car. 
C) ​gift of $500. 
D) ​sale of the gym.

Quizplus · Accepted Answer

Article 2 of the UCC covers the sale of goods, which includes the sale of Mary's home gym to her neighbor for $1,000. The lease of an apartment to Sara and the gifts to Mary's children are not considered sales of goods and therefore are not covered by Article 2 of the UCC.

Mary Owns a Small Real Estate Company That Arranges Apartment