Which of the Following Is True Regarding Identification of the Goods

question 19

Multiple Choice

Which of the following is true regarding identification of the goods under Article 2?

• A)Only the buyer can identify the goods.
• B)Identification of existing goods gives the buyer a special property right.
• C)Identification of fungible goods occurs when the seller separates the contracted units from the whole.
• D)All of the above are correct.

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Definitions:

Transfer Payments

Payments made by the government to individuals without any goods or services being exchanged, such as social security or unemployment benefits.

Government Payments

Financial transfers from the government to individuals, businesses, or other governments, often in the form of subsidies, benefits, or grants.

Income Mobility

The ability of individuals or families to move up or down the economic ladder within a lifetime or from one generation to the next.

Income Ladder

A metaphorical representation of the distribution of income across individuals or households in a society, indicating levels of wealth or poverty.