Question

Which types of transactions are governed by the uniform commercial code?

O contracts for the sale of goods.
O contracts for the sale of land.
O contracts for services.
O any commercial contract, whether for goods, services, or land.

Answer 1

Contracts for the sale of goods are governed by the Uniform Commercial Code (UCC). Contracts for the sale of land and services are not governed by UCC.

Step-by-step explanation:

The types of transactions that are governed by the Uniform Commercial Code (UCC) are contracts for the sale of goods. This includes any transaction where one party is transferring ownership of goods to another party in exchange for payment.

The UCC, which has been adopted by all fifty states in the United States, provides a set of rules and guidelines for these types of transactions to ensure fairness and consistency.

Contracts for the sale of land and services are not governed by the UCC. Depending on the jurisdiction, contracts for the sale of land may be governed by real estate law, while contracts for services may be subject to general contract law. Contracts for the sale of goods are governed by the Uniform Commercial Code.