Which of the following is true for goods under the purview of Article 2 of the Uniform Commercial Code?
A) Goods can be replaced by money.
B) Intangible goods must be exchanged for other intangible goods.
C) Goods in the contract must be movable.
D) Immovable goods like real estate must have provisions of service attached to their contracts.

Question

Quizplus · Accepted Answer

Article 2 of the Uniform Commercial Code deals with the sale of goods, which are defined as tangible personal property. Therefore, goods in the contract must be movable. Option A is incorrect because goods cannot be replaced by money, as they are tangible assets. Option B is incorrect because intangible goods are not covered under UCC Article 2. Option D is incorrect because immovable goods like real estate are not covered under UCC Article 2, as they are not considered tangible personal property.

Which of the Following Is True for Goods Under the Purview