Article 2 of the Uniform Commercial Code (UCC) applies to all contracts for the:
A) liquidation of assets.
B) sale of goods.
C) sale of securities.
D) transfer of money between banks.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code was created by the American Law Institute and the National Conference of Commissioners on Uniform State Laws. The articles in the code deal with many of the problems that might ordinarily arise in a commercial transaction. Article 2 of the UCC applies to all contracts for the sale of goods.

Article 2 of the Uniform Commercial Code (UCC) Applies to All