chapter 19 slide show

Question 1

The most common and important of all transactions.

Answer 1

Sales

Practically everyone is a buyer and/or seller of goods

Question 2

Good is a

Answer 2

Good is a moveable personal property

Question 3

Sale is

Answer 3

transfer of title to goods from seller to buyer for a price

Question 4

Lease is a

Answer 4

Lease is a transfer of right to possession
and use of goods
in return for consideration.

Question 5

Governing Law

Answer 5

UCC article 2 for sales
•UCC article 2a for leases
•The common law