Saf-Tee Chemical Company agrees to sell a storage tank on its premises to Toxic Processing,Inc.The tank can be removed by disconnecting a pipe.This deal is governed by

Question

Quizplus · Accepted Answer

The deal involves the sale of a storage tank on Saf-Tee Chemical Company's premises, which can be removed by disconnecting a pipe. This indicates that the item being sold is a movable property and not real estate. Therefore, the transaction falls under the scope of the UCC, which governs the sale of goods. Real property law would only apply if the tank was part of the land and could not be removed without causing damage to the property.

Saf-Tee Chemical Company Agrees to Sell a Storage Tank on Its