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What is a good under Article 2 of the UCC?Article 2 is a vast segment of the UCC that specifically addresses contracts for the sale of goods. A good is any movable property identified at the time of the contract. 'Goods' are also sometimes known as 'chattels. '
What does Article 2 of the Uniform Commercial Code deal with?Article 2 of the U.C.C. deals with transactions involving the sale of goods. Article two only covers the sale of goods. This is important to keep in mind.
What characteristics must an item possess to be classified as a good choose 2 answers?1. It must be moveable. 2. It must be tangible.
Which contracts does Article 2 of the UCC cover?Article 2 applies to contracts for the sale of goods. [2] Goods are things that can be identified when the contract is formed and can be moved. [3] Pens, boats, computers, cars and animals are all “goods.” In contrast, real estate, services, and intangibles (such as intellectual property) are not “goods.”
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