Under Article 2 of the UCC,which of the Following Consists

question 66

Multiple Choice

Under Article 2 of the UCC,which of the following consists of the passing of title from the seller to the buyer for a price?

• A)A lease
• B)A transaction
• C)A transfer of use
• D)A negotiated transfer
• E)A sale

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Definitions:

Penalty Provision

A clause in a contract or law that specifies a penalty for non-compliance or violation of its terms.

Non-Breaching Seller

A party in a contract that has not failed to fulfill any term of the agreement, in contrast to a breaching party who has failed to perform as promised.

Remedies

Remedies in legal terms refer to the means by which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Essential Purpose

The main or critical reason for which something exists or is done, especially in a legal or contractual context.