Jo owns a condominium that she leases to Kia. Jo gives her daughter Liu $450 on her sixteenth birthday. Jo sells her car to her neighbor Maia for $1,500. Article 2 of the UCC cover... Jo owns a condominium that she leases to Kia. Jo gives her daughter Liu $450 on her sixteenth birthday. Jo sells her car to her neighbor Maia for $1,500. Article 2 of the UCC covers which of these transactions?
Understand the Problem
The question is asking which transactions Article 2 of the Uniform Commercial Code (UCC) covers, given a scenario involving a lease, a gift, and a sale.
Answer
The sale to Maia.
The final answer is the sale to Maia.
Answer for screen readers
The final answer is the sale to Maia.
More Information
Article 2 of the UCC specifically covers contracts for the sale of goods, which includes cars as they are movable items.
Tips
A common mistake is to think that services or leases are covered under Article 2, but it applies only to goods.
Sources
- The web page with info on - Brainly - brainly.com
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