Quiz 16: Formation of Sales,Lease,and E-Contracts
A Ucc Sale Occurs When Possession of Property Is Transferred
A UCC sale occurs when possession of property is transferred from one party to another.
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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.
Article 2 of the UCC contains some provisions that either apply only to merchants or impose a greater duty or merchants.
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