Curtis enters into a contract with Drive-Away Lease Company for a three-year lease of a car. This contract is subject to
A)Article 2 of UCC.
B)Article 2A of the UCC.
C)Article 3 of the UCC.
D)the common law only.

Question

Quizplus · Accepted Answer

Article 2A of the UCC specifically deals with leases of goods, which would include a car lease like the one described in the scenario. Therefore, this contract is subject to Article 2A. Option A (Article 2) deals with the sale of goods, which is not relevant in this scenario, and Option C (Article 3) deals with negotiable instruments such as checks and promissory notes. Option D (the common law only) is not applicable because the UCC applies to this situation.

Curtis Enters into a Contract with Drive-Away Lease Company for a Three-Year