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NARA [144]
1 year ago
13

greg discovered that his yard contained a vein of silver running through it. greg managed to mine some of the ore and sell it to

a silversmith. is the contract for the ore governed by the ucc or the common law?
Law
1 answer:
Strike441 [17]1 year ago
8 0

The the contract for the ore governed by the UCC.

What do you mean by UCC?

UCC stands for Uniform Commercial Code .It is a model act which helps in solving the issues of business people who were trapped in interstate commerce and different norms. It monitors various criteria , parties during an agreement and helps in creating a universal standard.

Article 2 of the act states that for the sale of goods especially of higher value a proper contract is needed. The whole process guarantees this concept. Therefore in case of Greg he had to follow the rule laid down in UCC.

Hence,The the contract for the ore governed by the UCC.

To know more about Uniform commercial code from the given link

brainly.com/question/24176941

#SPJ4

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