Question

Which of the following statements regarding the Uniform Commercial Code (UCC) is correct?

Select one:
a. Courts will not consider the UCC unless the contract involves a sale of goods.
b. Article 2 of the UCC applies to all contracts where the parties are both merchants.
c. The UCC originally contained nine articles, but has since added two more.
d. All of the above.

Answer 1

The correct statement regarding the Uniform Commercial Code (UCC) is that it originally contained nine articles, but has since added two more.

Step-by-step explanation:

The correct statement regarding the Uniform Commercial Code (UCC) is option c. The UCC originally contained nine articles, but has since added two more.

The UCC is a set of laws that govern commercial transactions in the United States. It provides a standardized framework for the sale of goods and other commercial activities.

Article 2 of the UCC specifically applies to contracts for the sale of goods, while other articles cover various aspects of commercial transactions such as negotiable instruments, secured transactions, and warranties.