Ask Question
BusinessBusiness
23 April, 04:37

Which of the following contract subject matters would not be covered under the UCC?

a. a contract for the sale of a mobile home from the manufacturer

b. a contract for the sale of a mobile home from a previous owner

c. a contract for the sale of a mobile home plus its lot

d. All of the above are under the UCC.

+1
Answers (1)
  1. 23 April, 06:53
    0
    Correct option is (c)

    Explanation:

    UCC is the abbreviation for Uniform commercial code that has been established for the purpose of sale of personal as well as business property.

    Artcle 2 under UCC deals with sales and leases. As per this, any item identified as a good that is movable at the time of sale is considered subject matter of contract. So mobile house is covered under this article. Lot, however, is a single unit which is considered as a separate item for sale and cannot be combined with mobile home under UCC.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following contract subject matters would not be covered under the UCC? a. a contract for the sale of a mobile home from the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ou are planning to save for retirement over the next 35 years. to do this, you will invest $770 per month in a stock account and $370 per month in a bond account. the return of the stock account is expected to be 9.
Answers (1)
On January 1, 2016, Lester Company purchased 70% of Stork Corporation's $5 par common stock for $600,000. The book value of Stork net assets was $640,000 at that time.
Answers (1)
Hackers who intend to profit from their actions are motivated by:
Answers (1)
Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600 and has claimed $39,800 of depreciation expense.
Answers (1)
The unit of measure assumption states that: a) assets should be recorded at cost. b) assets equal liabilities plus stockholder's equity. c) results of business activities should be reported in an appropriate monetary unit.
Answers (1)
New Questions in Business
Interest can be regarded as the Group of answer choices a. dollar amount of loanable funds that a person borrows to invest in a capital good. b. rate that a lender receives for the use of the lender's loanable funds. c.
Answers (1)
Supply base rationalization:A. explains why a particular supplier has been chosen for a particular requirement. B. is an attempt to reduce the total number of suppliers to an organization. C. is an excuse by a supplier for poor delivery. D.
Answers (1)
The American Cancer Society has been sending letters soliciting donations for years. When they added pre-printed address labels personalized as a gift to the receiver of the solicitation, donation levels went up by 30%.
Answers (2)
Nuclear Company's costs were over budget by $25,200. The company is divided into Left and Right regions. The Left Region's costs were under budget by $1,500. Determine the amount that the Right Region's costs were over or under budget.
Answers (1)
What is the role of the Office of the Comptroller of the Currency? 1. it adjusts the interest rates for loans. 2. it ensures all financial institutions follow banking laws. 3. It protects up to $250,000 of customer deposits. 4.
Answers (1)
Home » Business » Which of the following contract subject matters would not be covered under the UCC? a. a contract for the sale of a mobile home from the manufacturer b. a contract for the sale of a mobile home from a previous owner c.
Sign Up Forgot Password?