Answered

Which of the following transactions is not governed by Article 2 of the UCC?

A. Purchasing an automobile for [tex]$35,000
B. Leasing an automobile worth $[/tex]35,000
C. Purchasing a sound system worth [tex]$501
D. Purchasing a sound system worth $[/tex]499



Answer :

GinnyAnswer

Final answer:

Leasing an automobile worth [tex]$35,000 is not governed by Article 2 of the UCC.


Explanation:

Leasing an automobile worth $[/tex]35,000 is not governed by Article 2 of the UCC as it falls under the scope of Article 2A which pertains to leases rather than sales of goods. Purchasing an automobile, purchasing a sound system worth [tex]$501, and purchasing a sound system worth $[/tex]499 are all transactions covered by Article 2 of the UCC.


Learn more about Uniform Commercial Code (UCC) here:

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