Excel Autos & Trucks,Inc. ,contracts to sell five trucks to First Leasing Corporation,which contracts to lease the trucks to General Delivery Company.Article 2A of the UCC applies to
A)neither the lease nor the sale.
B)the lease and the sale.
C)the lease only.
D)the sale only.

Question

Quizplus · Accepted Answer

Article 2A of the UCC specifically governs leases of goods, not sales. Therefore, it applies to the lease between First Leasing Corporation and General Delivery Company, but not to the sale between Excel Autos & Trucks, Inc. and First Leasing Corporation.