Jacob offers to sell Bill a collection of baseball cards. For their transaction to be a sale under the UCC, Bill
A) must pay for the cards in cash.
B) must pay for the cards with services.
C) may pay for the cards with cash, goods, or services.
D) must pay the fair market value of the cards.

Question

Jacob offers to sell Bill a collection of baseball cards. For their transaction to be a sale under the UCC, Bill
A) ​must pay for the cards in cash.
B) ​must pay for the cards with services.
C) ​may pay for the cards with cash, goods, or services.
D) ​must pay the fair market value of the cards.

Quizplus · Accepted Answer

According to the UCC, payment for a sale can be made using cash, goods, or services. Therefore, Bill may pay for the baseball cards using any of these methods.

Jacob Offers to Sell Bill a Collection of Baseball Cards