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Scenario 6-1. Jerry Jones is a young entrepreneur straight out of college. After taking a course in Small Business Management, Jerry has decided that he would like to purchase an existing business and hopefully avoid some beginner's errors. He spends some time looking and finally finds a business that appeals to him, a small sporting goods store. Jerry loves to fish and hunt. The store currently has a huge inventory in place. Jerry decides to pursue purchasing the business further.
-In Reference 6-1 above, since the sporting goods store has a huge inventory, Jerry needs to be familiar with which of the following codes?
A) Code of ethics
B) Code of inventory purchasing
C) Uniform Commercial Code
D) Inventory Commercial Code

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Since the sporting goods store has a huge inventory, Jerry needs to be familiar with the Uniform Commercial Code (UCC) which covers sales transactions and related activities, including the transfer of ownership of goods, warranties, and contracts.

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