under the Uniform Commercial code, article 2 covers the sale and transfer of title of investment...

under the Uniform Commercial code, article 2 covers the sale and transfer of title of investment securites, insurance policies, commercial paper or real estate.

true or false?

Expert Solution

Answer: The Uniform Commercial code (UCC) of 1952 is considered to be a set of comprehensive laws that takes care of sales and various commercial dealings and transactions of United States. Although it is not a federal law but a uniform law for solving the issues of complex interstate business transactions as there were many laws pertaining to every state. It has 9 special articles.
Where Article 1 consists of general provisions and prescription for application of UCC, Article 2 deals with the sale of goods including real estate and service contract and not investment securities, insurance policies and commercial paper.

Rahul Sunny answered 3 years ago

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