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Buyer Acceptance Under the Uniform Commercial CodeNext Lesson 

Article 2 of the UCC: Definition & Terms - Quiz & Worksheet

Chapter 24 /  Lesson  1   Transcript
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Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT considered to be a 'good' under the UCC definition?

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Worksheet
Article 2 of the UCC: Definition & Terms Worksheet

1. Under the UCC, this person is defined as someone who sells or contracts to sell goods:

2. Under the UCC, this person is defined as someone who contracts to buy goods:

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About This Quiz & Worksheet

About This Quiz & Worksheet

Many of the terms used in Article 2 of the UCC have legal definitions that may be different from how you would use them in everyday speech. Some of these terms you'll be assessed on include goods, buyers, sellers and merchants.

Quiz & Worksheet Goals

In these assessments you'll be tested on the definitions of:

  • Goods
  • Sale of goods
  • Sellers
  • Buyers
  • Merchants

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related UCC terms lesson
  • Interpreting information - verify that you can read information regarding Article 2 of the UCC and interpret it correctly
  • Defining key concepts - ensure that you can accurately define main terms, such as sale of goods and merchants
  • Information recall - access the knowledge you've gained regarding the terms of Article 2 of the UCC

Additional Learning

To learn more about Article 2 of the UCC, review the accompanying lesson on the Terms of Article 2 of the UCC. This lesson covers the following objectives:

  • Interpret basic law regarding commercial contracts
  • Understand the applicability of the UCC
  • Identify buyers and merchants
  • Distinguish between sellers and merchants
  • Discriminate between goods and real property
  • Define a sale of goods under the UCC
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