Which statement is true regarding materials that are considered goods under the UCC?
A) Minerals taken from real estate and sold by the owner, soil taken from real estate and sold by the owner, and the right to remove soil from real estate are all considered goods under the UCC.
B) Soil taken from real estate and sold by the owner is considered a good under the UCC, but neither minerals taken from real estate and sold by the owner nor the right to remove soil from real estate are considered goods under the UCC.
C) The right to remove soil from real estate is considered a good under the UCC, but neither minerals taken from real estate and sold by the owner nor soil taken from real estate and sold by the owner are considered goods under the UCC.
D) Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner are considered goods under the UCC, but the right to remove soil from real estate is not considered a good under the UCC.
E) Minerals taken from real estate and sold by the owner and the right to remove soil from real estate are considered goods under the UCC, but soil taken from real estate and sold by the owner is not considered a good under the UCC.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), minerals (such as oil, gas, and coal) and soil that are to be removed from real estate by the seller are considered goods. However, rights to remove soil or minerals (i.e., extraction rights without actual removal) are not tangible goods but rather contractual rights or interests in real property.

Which Statement Is True Regarding Materials That Are Considered Goods