Acct 202 test - Study guides, Class notes & Summaries

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A. Scope of Art 2 & 2A 1. Scope of Article 2 a. UCC Scope Provisions i. § 2-102-This chapter applies to transactions in goods… ii. § 2-105-“Goods”=all things that are movable at the ti me of identification to the contract for sale 1) including unborn animals, growing crops b. Art 2 “goods” Examples i. Creating a wedding dress, tailoring, though the goods don’t exist yet, sell puppies though don’t exist yet ii. NOT something intangible ex: stock in a company does not work despite ...