Article 2 of the UCC Adopts Rules for Risk of Loss

question 67

True/False

Article 2 of the UCC adopts rules for risk of loss that are closely tied to title.

---

Definitions:

Unreasonably Restrain Trade

Legal term used in antitrust law to describe business practices that prevent or reduce competition in a market, considered illegal under various trade laws.

Alcoa Case

A landmark United States antitrust case involving the Aluminum Company of America (Alcoa), which set a precedent for evaluating monopolistic practices based on market control.

Conglomerate Mergers

Mergers between firms that operate in unrelated business activities.

Standard Oil Case

A landmark U.S. legal case in which the Standard Oil Company was found in violation of antitrust laws, leading to its breakup in 1911.