Business Uniform Commercial Code
Exam Questions With 100% Verified
Answers
What does the Uniform Commercial Code cover? -
correct answer ✅Sale of Goods
What are the only places in the U.S. that have not adopted the UCC
federal law? -
correct answer ✅Louisiana and District of Columbia
Will the UCC win out over case law and common law? -
correct answer ✅yes
What law governs if there is no specific law in the UCC? -
correct answer ✅case law
Which article specifically deals with the sale of goods? -
correct answer ✅Article 2
What term means the passing of title from the seller to the buyer
for a price? -
correct answer ✅A sale
, Business Uniform Commercial Code
Exam Questions With 100% Verified
Answers
What may someone consider a price for a good? -
correct answer ✅money or other goods, services, or real estate
What 2 things makes up a good? -
correct answer ✅it must be tangible AND movable by the UCC
definition
Contracts for services are considered goods. -
correct answer ✅False
Who determines which is predominant if goods and services are
combined in a sale? -
correct answer ✅courts
What is the term for a person with special business expertise and
not a casual buyer? -
correct answer ✅a merchant
Why can a person be considered a merchant for one type of good
but not for another? -
correct answer ✅persons who have knowledge and skill specific to
Exam Questions With 100% Verified
Answers
What does the Uniform Commercial Code cover? -
correct answer ✅Sale of Goods
What are the only places in the U.S. that have not adopted the UCC
federal law? -
correct answer ✅Louisiana and District of Columbia
Will the UCC win out over case law and common law? -
correct answer ✅yes
What law governs if there is no specific law in the UCC? -
correct answer ✅case law
Which article specifically deals with the sale of goods? -
correct answer ✅Article 2
What term means the passing of title from the seller to the buyer
for a price? -
correct answer ✅A sale
, Business Uniform Commercial Code
Exam Questions With 100% Verified
Answers
What may someone consider a price for a good? -
correct answer ✅money or other goods, services, or real estate
What 2 things makes up a good? -
correct answer ✅it must be tangible AND movable by the UCC
definition
Contracts for services are considered goods. -
correct answer ✅False
Who determines which is predominant if goods and services are
combined in a sale? -
correct answer ✅courts
What is the term for a person with special business expertise and
not a casual buyer? -
correct answer ✅a merchant
Why can a person be considered a merchant for one type of good
but not for another? -
correct answer ✅persons who have knowledge and skill specific to
