Which Statement Is True Regarding Materials That Are Considered Goods

question 42

Multiple Choice

Which statement is true regarding materials that are considered goods under the UCC?

• A)Minerals taken from real estate and sold by the owner,soil taken from real estate and sold by the owner,and the right to remove soil from real estate are all considered goods under the UCC.
• B)The right to remove soil from real estate is considered a good under the UCC,but neither minerals taken from real estate and sold by the owner nor soil taken from real estate and sold by the owner are considered goods under the UCC.
• C)Soil taken from real estate and sold by the owner is considered a good under the UCC,but neither minerals taken from real estate and sold by the owner nor the right to remove soil from real estate are considered goods under the UCC.
• D)Minerals taken from real estate and sold by the owner and the right to remove soil from real estate are considered goods under the UCC,but soil taken from real estate and sold by the owner is not considered a good under the UCC.
• E)Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner are considered goods under the UCC,but the right to remove soil from real estate is not considered a good under the UCC.

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Definitions:

Date Of Payment

The date the dividend is paid.

Purchases Credit

A transaction type where goods or services are bought on account, with payment to be made at a future date, usually within an agreed period.

Voucher System

A method of accounting in which each transaction is documented with a voucher, ensuring that every payment is authorized and accounted for properly.

Correct Order

The proper or desired sequencing of elements, items, or processes according to rules or guidelines.