Under Article 2(A)of the Uniform Commercial Code,"a transfer of the right to possession and use of goods for a term in return for consideration" is a(n)________.
A)sale of goods
B)lease
C)assignment
D)delegation
E)consignment

Question

Quizplus · Accepted Answer

UCC Section 2A-103(j)defines a lease as "a transfer of the right to possession and use of goods for a term in return for consideration."

Under Article 2(A)of the Uniform Commercial Code,"a Transfer of the Right