Article 2 of the UCC Deals with the Sale of

question 3

Multiple Choice

Article 2 of the UCC deals with the sale of

• A) goods.
• B) real estate.
• C) services.
• D) All of these choices are correct

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Definitions:

Cumulative Voting

A method of voting used in elections for directors of a corporation, allowing shareholders to multiply the number of votes they have by the number of positions available and to allocate their votes among candidates as they see fit.

Minority Shareholders

Individuals or entities that own less than 50% of a company's shares and therefore have limited control over company decisions.

Shareholder's Derivative Suit

A legal action brought by a shareholder on behalf of a corporation to enforce the corporation's rights when the corporation's management fails to do so.

Cumulative Voting

A voting system in corporate elections that allows shareholders to concentrate all their votes on one candidate for the board of directors.