Bert sells his car to Conrad for $5,000 and his bike to Del for $600. Bert sells his vinyl record collection to Elena for $1,000

Question

3 years ago

5

Bert sells his car to Conrad for $5,000 and his bike to Del for $600. Bert sells his vinyl record collection to Elena for $1,000

and his stock in Altogether Now, Inc.—a firm that markets an app for organizing digital music files—to Franz for $4,000. UCC Article 2 covers all of these transactions except the sale of _______

Business

1 answer:

Alexus [3.1K] · Answer 1 · 2022-05-27T08:34:09+03:00

Answer:

the sale of Bert's stock in Altogether Now

Explanation:

Article 2 of the Uniform Commercial Code (UCC) only applies to commercial transactions involving tangible personal property. A car, a bike, and a vinyl record collection are all tangible personal properties, but a company's stock is not.