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For a ‘contract or the sale of goods’ to be covered by the Uniform Commercial Code’s (UCC’s) Article II, it must be for: Group of answer choices an amount of $1,000 or more an amount of $500 or more retail goods, but not wholesale goods consumer goods only
For a ‘contract or the sale of goods’ to be covered by the Uniform Commercial Code’s (UCC’s) Article II, it must be for:
Group of answer choices
an amount of $1,000 or more
an amount of $500 or more
retail goods, but not wholesale goods
consumer goods only
Expert Solution
an amount of $500 or more. This is the CORRECT choice
UCC is standardized set of laws and regulations for commercial transactions.
Article 2 governs the sale of goods that are movable, This excludes real estate and service contracts. This also doesn't include money or securities.
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