Scope of Article 2: Transactions in Goods
Learn that Article 2 applies only to contracts for the sale of goods, what a good is under Article 2, and how certain transactions, though they concern goods, are excluded from Article 2’s scope.
Transcript
We’ll start our sales course by considering the scope of Article 2 of the Uniform Commercial Code, or UCC.
I. Transactions Covered by Article 2
Article 2 applies to transactions in goods. Although the UCC doesn’t actually define a transaction in goods, this term covers more than just contracts for the sale of goods. However, most transactions that fall under Article 2 are sales of goods.
A. Sale Defined
A sale is the transfer of title to goods from a buyer to a seller in exchange...
