Wilbert has a lot of property that he wishes to sell.He sells his car to John for $5,000.He sells his bike to Shelby for $600.He sells his extensive vinyl records collection to Dixie May for $1,000.He sells a patent to a device for organizing digital music files to Gary for $400.NOT covered by Article 2 or 2A of the UCC is Wilbert's sale of
A) the car.
B) the bike.
C) the vinyl.
D) the patent.

Question

Wilbert has a lot of property that he wishes to sell.He sells his car to John for $5,000.He sells his bike to Shelby for $600.He sells his extensive vinyl records collection to Dixie May for $1,000.He sells a patent to a device for organizing digital music files to Gary for $400.NOT covered by Article 2 or 2A of the UCC is Wilbert's sale of 
A) ​the car. 
B) ​the bike. 
C) ​the vinyl. 
D) ​the patent.

Quizplus · Accepted Answer

The sale of a patent is not covered by Article 2 or 2A of the UCC, as it is not a tangible good, but rather an intangible asset. The sale of the car, bike, and vinyl records, on the other hand, are all covered by Article 2 or 2A of the UCC as they involve the sale of tangible goods.

Wilbert Has a Lot of Property That He Wishes to Sell.He