Quiz 16: Formation of Sales,Lease,and E-Contracts
A Party Can Be Treated by the Ucc as a Merchant
A party can be treated by the UCC as a merchant for some transactions and as a nonmerchant for other transactions.
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A UCC sale occurs when possession of property is transferred from one party to another.
All states have adopted all,or a major part of Article 2 of the UCC.
Article 2 of the UCC is not applied by federal courts to sales contracts governed by federal law.
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