Article 2(A)of the Uniform Commercial Code does not cover leases related to real property.

Question

Quizplus · Accepted Answer

Article 2(A)of the Uniform Commercial Code covers contracts for the lease of goods.This section of the UCC is increasingly important because consumers (both individuals and businesses)are more likely to lease goods today than ever before.Consumers lease cars,equipment,and machines.Article 2(A)does not cover leases related to real property.The UCC defines goods as all tangible things which are movable at the time of identification to the contract for sale.Real estate cannot be moved,so it is not a good.

Article 2(A)of the Uniform Commercial Code Does Not Cover Leases