Which of the following is considered a good under the UCC?Multiple Choicea patentcorporate stocka buildinga television
Question
Which of the following is considered a good under the UCC?Multiple Choicea patentcorporate stocka buildinga television
Solution
Under the Uniform Commercial Code (UCC), a "good" refers to tangible, movable items. Here are the options broken down:
a) A patent - This is an intangible asset, so it's not considered a good under the UCC.
b) Corporate stock - This is also an intangible asset, so it's not considered a good under the UCC.
c) A building - While a building is tangible, it is not movable. Therefore, it's not considered a good under the UCC.
d) A television - A television is both tangible and movable, so it is considered a good under the UCC.
So, the answer is d) A television.
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