Elle sells a motorcycle to Fran for $5,000, a bike to Gwen for $600, a pool table to Holly for $200, and three shares of stock to Inez for $100. Article 2 of the UCC does not apply... Elle sells a motorcycle to Fran for $5,000, a bike to Gwen for $600, a pool table to Holly for $200, and three shares of stock to Inez for $100. Article 2 of the UCC does not apply to the sale of:
Understand the Problem
The question is asking which item sold by Elle does not fall under Article 2 of the UCC (Uniform Commercial Code). The focus is on differentiating between various items sold (motorcycle, bike, pool table, stock) in the context of UCC regulations.
Answer
the stock.
The final answer is the stock.
Answer for screen readers
The final answer is the stock.
More Information
Article 2 of the UCC applies to sales of 'goods,' defined as movable and tangible items. Stocks, being securities, are classified as intangible assets.
Tips
A common mistake is assuming that all items sold are covered by Article 2. Ensure items are 'goods' as per the UCC definition.
Sources
- Solved Elle sells a motorcycle to Fran for $5000, a bike to - Chegg - chegg.com
- TEST BANK for Business Law: Text and Cases, 15th Edition ... - Issuu - issuu.com
- UCC Article 2 and Sales of Goods - law.cornell.edu
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