UCC - Unified Commercial Code

Question 1

Why is there a UCC?

Answer 1

Common law contracts are outdated so the law says that certain merchants should be governed by UCC2 and UCC2A. UCC applies to the sale and lease of goods.

Question 2

What does UCC2 and UCC2A cover?

Answer 2

UCC2 covers the sale of goods of a merchant.
UCC2A covers the lease of goods.

Question 3

What does common law cover that UCC doesn’t?

Answer 3

Doesn’t apply to the services. Common law covers services.
Tip: something that is metered is a good

Question 4

Is it UCC or common law?
1. selling milk
2. Leasing a bike
3. Selling blood at a hospital
4. Blood bank selling blood
5. Service agent
6. Trees on land is
7. Making trees timber

Answer 4

1. UCC2
2. UCC2A
3. Common law
4. UCC2
5. Common law
6. Common law
7. UCC2