To Be Characterized as a "Good" Under the UCC, an Item

question 23

True/False

To be characterized as a "good" under the UCC, an item of property must be movable.

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Definitions:

World Trade Organization

The World Trade Organization (WTO) is an international organization designed to supervise and liberalize international trade.

International Trade

The exchange of goods and services between countries, which allows for greater efficiency and productivity through the principle of comparative advantage.

Trade Disputes

Conflicts that arise between countries regarding the policies, practices, or conditions of trade often leading to formal complaints or sanctions.

Higher Tariffs

Increased taxes imposed on imported goods, typically used to protect domestic industries from foreign competition and raise government revenue.