Which statement is true regarding materials that are considered goods under the UCC?
A)Minerals taken from real estate and sold by the owner,soil taken from real estate and sold by the owner,and the right to remove soil from real estate are all considered goods under the UCC.
B)The right to remove soil from real estate is considered a good under the UCC,but neither minerals taken from real estate and sold by the owner nor soil taken from real estate and sold by the owner are considered goods under the UCC.
C)Soil taken from real estate and sold by the owner is considered a good under the UCC,but neither minerals taken from real estate and sold by the owner nor the right to remove soil from real estate are considered goods under the UCC.
D)Minerals taken from real estate and sold by the owner and the right to remove soil from real estate are considered goods under the UCC,but soil taken from real estate and sold by the owner is not considered a good under the UCC.
E)Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner are considered goods under the UCC,but the right to remove soil from real estate is not considered a good under the UCC.

Question

Quizplus · Accepted Answer

A)Minerals,clay,and soil can all be treated as goods,with their sales contract governed by Article 2,if the owner takes these items out of the ground and then sells them to the buyer.Should the owner sell the buyer the right to come and remove the items,the contract would be governed not by the UCC,but by common law for the sale of an interest in realty,in this case,an interest known as a "profit."
B)Minerals,clay,and soil can all be treated as goods,with their sales contract governed by Article 2,if the owner takes these items out of the ground and then sells them to the buyer.Should the owner sell the buyer the right to come and remove the items,the contract would be governed not by the UCC,but by common law for the sale of an interest in realty,in this case,an interest known as a "profit."
C)Minerals,clay,and soil can all be treated as goods,with their sales contract governed by Article 2,if the owner takes these items out of the ground and then sells them to the buyer.Should the owner sell the buyer the right to come and remove the items,the contract would be governed not by the UCC,but by common law for the sale of an interest in realty,in this case,an interest known as a "profit."
D)Minerals,clay,and soil can all be treated as goods,with their sales contract governed by Article 2,if the owner takes these items out of the ground and then sells them to the buyer.Should the owner sell the buyer the right to come and remove the items,the contract would be governed not by the UCC,but by common law for the sale of an interest in realty,in this case,an interest known as a "profit."

Which Statement Is True Regarding Materials That Are Considered Goods