Mining Corporation purchases the business assets of Open Pit Inc. ,including its equipment and supplies,for an agreed-to price,payable in installments.Under Article 2 of the UCC,this transaction is

Question

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The transaction involves the purchase of business assets, equipment, and supplies by Mining Corporation. This satisfies the definition of a sale under Article 2 of the UCC, which refers to a transfer of ownership of goods from a seller to a buyer in exchange for money.

Mining Corporation Purchases the Business Assets of Open Pit Inc