Question

1. Article 2 of the UCC covers the sale of tangible goods only.

   True

   False

2. The UCC requires any acceptance to adhere to the “mirror image” rule.

   True

   False

QUESTION 3

1. The sale of both goods and services are covered by Article 2 of the UCC.

   True

   False

QUESTION 4

1. A contract with open quantity terms will never be valid.

   True

   False

QUESTION 5

1. One must have title to the goods in order to have an insurable interest.

   True

   False

QUESTION 6

1. An unconscionable contract may be avoided with court intervention under the UCC.

   True

   False

QUESTION 7

1. Once title to the goods passes to the buyer, the seller no longer has an insurable interest in the goods.

   True

   False

QUESTION 8

1. The default contract under the UCC is a destination contract.

   True

   False

QUESTION 9

1. A conditional acceptance by the offeree is considered a counteroffer.

   True

   False

QUESTION 10

1. In non carrier cases the place of delivery is generally the seller’s place of business or residence.

   True

   False

Answer 1

Article 2 of UCC covers sales of movable goods only and sales of movable goods does not involve any kind of intangible property.it only applies to sales of goods and goods are those which can be touched and can be moved.

Various intellectual property is like intangibles are not the part of ucc. Real estate are also not covered and it has been specifically excluded from the definition of movable goods.

So given statement is TRUE it only covers tangible goods.