The UCC does not cover:
A) negotiable instruments.
B) investment securities.
C) sales of goods.
D) gifts.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) primarily deals with transactions involving personal property, including sales of goods (C), negotiable instruments (A), and investment securities (B). It does not govern the transfer of gifts (D), as gifts do not involve a sale or transaction in the commercial sense that the UCC regulates.

The UCC Does Not Cover