Which of the Following Are Considered Goods Under the UCC

question 11

Multiple Choice

Which of the following are considered goods under the UCC?

• A) Minerals taken from real estate and sold by the owner.
• B) Soil taken from real estate and sold by the owner.
• C) The right, sold by the owner to another party, to remove soil from real estate.
• D) Minerals taken from real estate and sold by the owner; soil taken from real estate and sold by the owner; and the right, sold by the owner to another party, to remove soil from real estate.
• E) Minerals taken from real estate and sold by the owner and soil taken from real estate and sold by the owner; but not the right, sold by the owner to another party, to remove soil from the real estate.

---

Definitions:

Present Value Amount

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Rate of Earnings

Measures the speed at which a company or an investment generates income relative to a certain amount of assets, capital, or equity.

Compound Interest

The process of calculating interest on both the primary amount of a loan or deposit and on the interest that has previously been accrued over time.

Net Present Value

A financial metric that calculates the present value of all future cash flows (both inflows and outflows) of an investment, discounted back at a specific rate.