chapter 19 slide show Flashcards
1
Q
The most common and important of all transactions.
A
Sales
Practically everyone is a buyer and/or seller of goods
2
Q
Good is a
A
Good is a moveable personal property
3
Q
Sale is
A
transfer of title to goods from seller to buyer for a price
4
Q
Lease is a
A
Lease is a transfer of right to possession
and use of goods
in return for consideration.
5
Q
Governing Law
A
UCC article 2 for sales
•UCC article 2a for leases
•The common law
