Which of the Following Types of Property Would Be Goods

question 24

Multiple Choice

Which of the following types of property would be goods under the Uniform Commercial Code?

• A) A promissory note.
• B) A stock.
• C) A patent.
• D) A computer.

---

Definitions:

Raw Materials

Basic substances or components that are used in the production of goods or finished products.

Price Discrimination

The practice of selling the same product to different customers at different prices, typically based on factors like quantity purchased, customer demographic, or market location.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination among different purchasers of the same product, when the effect may harm competition.

Predatory Pricing

A strategy where a business sells products or services at a loss or extremely low prices to eliminate competition and gain market share.