Under the Uniform Commercial Code, Article 2 governs which type of contract?

Under the Uniform Commercial Code, Article 2 governs which type of contract?

• A. Art 2A
• B. Art 2
• C. CL
• D. None of the above

Answer: (B)

The main idea is that Article 2 of the UCC governs contracts for the sale of goods. Goods are tangible, movable items identified to the contract for sale. Article 2 provides the rules on formation, warranties, risk of loss, performance, and remedies between buyers and sellers. The other area, Article 2A, deals with leases of goods, not sales, and contracts involving services or real property are typically governed by common law rather than the UCC. So the correct understanding is that Article 2 governs the sale of goods.

The main idea is that Article 2 of the UCC governs contracts for the sale of goods. Goods are tangible, movable items identified to the contract for sale. Article 2 provides the rules on formation, warranties, risk of loss, performance, and remedies between buyers and sellers. The other area, Article 2A, deals with leases of goods, not sales, and contracts involving services or real property are typically governed by common law rather than the UCC. So the correct understanding is that Article 2 governs the sale of goods.