Mary owns a small real estate company that arranges apartment leases for college students.She leases an apartment for nine months to Sara,a new undergraduate in the area.On her son's eighteenth birthday,Mary gives him a gift of a car.On her daughter's sixteenth birthday,Mary gives her a gift of $500.Mary sells her home gym to her neighbor for $1,000.Which of Mary's transactions would be covered by Article 2 of the UCC?

Question

Quizplus · Accepted Answer

Article 2 of the UCC covers transactions in goods, which are tangible and movable items. The sale of the home gym is a transaction involving goods, making it subject to Article 2 of the UCC.

Mary Owns a Small Real Estate Company That Arranges Apartment