The Uniform Commercial Code applies to which of the followin
The Uniform Commercial Code applies to which of the following?
A contract for the sale of land.
A contract for the sale of goods.
Employment contracts.
A lease for an apartment.
Solution
ANS The Uniform Commercial Code applies to A contract for the sale of goods.
The Uniform Commercial Code, is a body of laws that applies to commercial and business transactions only. The U.C.C. is a model of laws and therefore is only a guideline of applicable commercial and business transactions laws. Every jurisdiction is free to adopt those portions applicable to their legal issues.
The Uniform Commercial Code (UCC) contains rules applying to many types of commercial contracts, including contracts related to the sale of goods, leasing of goods, use of negotiable instruments, banking transactions, letters of credit, documents of title for goods, investment securities, and secured transactions. However, there are also many business-related contracts that the UCC does not cover. Key among these are real estate contracts, service contracts, and employment contracts.
