Under Article 2 of the UCC Which of the Following

question 53

Multiple Choice

Under Article 2 of the UCC which of the following is defined as tangible things which are movable at the time of identification to the contract for sale?

• A) Articles
• B) Merchandise
• C) Goods
• D) Attachments
• E) Saleable things

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Definitions:

Expiration Date

In finance, the date at which a derivative contract such as an option or futures agreement ceases to exist.

Tax-Exempt Bonds

Bonds issued by government entities that offer interest payments not subject to federal income tax, and in some cases, state and local taxes.

Yield

The income return on an investment, such as the interest or dividends received, expressed as an annual percentage based on the investment's cost, its current market value, or its face value.

Taxable Bonds

Bonds whose interest payments are subject to federal, state, or local income taxes.