Jo owns a condominium that she leases to Kia. Jo gives her daughter Liu $450 on her sixteenth birthday. Jo sells her car to her neighbor Maia for $1,500. Article 2 of the UCC covers
A)the lease with Kia.
B)the gift to Liu.
C)the sale to Maia.
D)all of the choices.

Question

Quizplus · Accepted Answer

Article 2 of the Uniform Commercial Code (UCC) applies to transactions involving the sale of goods. The sale of the car to Maia falls under this category, as a car is considered a good. The lease with Kia is a real estate transaction, and the gift to Liu does not involve a sale, so neither is covered by Article 2 of the UCC.

Jo Owns a Condominium That She Leases to Kia