Which of the Following Transactions Is Governed by Article 2

question 11

Multiple Choice

Which of the following transactions is governed by Article 2 of the UCC?

• A) The sale of an apartment complex.
• B) The sale of oranges to be picked from a 10-acre grove.
• C) The sale of common stock of a soft drink company.
• D) A contract to receive medical services in a hospital.

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Definitions:

Stare Decisis

The legal principle of determining points in litigation according to precedent, upholding previous judgments in similar cases to ensure consistency in law.

Civil Law System

A legal system originating in Europe, characterized by a comprehensive set of laws that are codified and serve as the primary source of law, with judges applying the codes rather than developing precedent.

Res Judicata

A legal principle that prevents a dispute that has been conclusively decided from being re-litigated between the same parties.

Quebec Civil Code

The legal code governing civil matters in the province of Quebec, Canada, distinct for its civil law tradition.