Bonsai Diner,which is moving to a new location,sells its used tables and chairs to Café Furnishings Corporation.For purposes of the UCC,this is
A)a bailment.
B)a consignment.
C)a lease.
D)a sale.

Question

Quizplus · Accepted Answer

The sale of used tables and chairs constitutes a transfer of ownership and therefore qualifies as a sale under the UCC. Bailment involves the temporary transfer of possession without a transfer of ownership, consignment involves the transfer of goods to a merchant to sell on behalf of the owner, and lease involves the transfer of possession for a limited time period without a transfer of ownership.

Bonsai Diner,which Is Moving to a New Location,sells Its Used