Under Article 2(A) of the UCC, a(n) ________ is defined as a transfer of the right to possession and use of goods for a term in return for consideration.
A) sale of goods
B) consignment
C) assignment
D) rental
E) lease

Question

Quizplus · Accepted Answer

Under Article 2(A) of the Uniform Commercial Code (UCC), a lease is defined as a transfer of the right to possession and use of goods for a term in return for consideration. This distinguishes it from a sale, which involves the transfer of ownership of goods.

Under Article 2(A) of the UCC, A(n) ________ Is Defined