A funeral home director enters into a written contract to buy five caskets from CASKETS AND MORE, Inc. for $1000 per casket. Is this contract governed by the UCC, Article 2? a. No, this contract would be governed by common law. b. Yes, it is a contract for goods, so the UCC, Article 2, applies. C. No, this contract would be governed by federal law. d. Yes, but only if the parties agree the UCC, Art. 2 applies.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
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Chapter12: Government And Product Markets: Antitrust And Regulation
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A funeral home director enters into a written contract to buy five caskets from CASKETS AND MORE,
Inc. for $1000 per casket. Is this contract governed by the UCC, Article 2?
а.
No, this contract would be governed by common law.
b.
Yes, it is a contract for goods, so the UCC, Article 2, applies.
C.
No, this contract would be governed by federal law.
d.
Yes, but only if the parties agree the UCC, Art. 2 applies.
Transcribed Image Text:A funeral home director enters into a written contract to buy five caskets from CASKETS AND MORE, Inc. for $1000 per casket. Is this contract governed by the UCC, Article 2? а. No, this contract would be governed by common law. b. Yes, it is a contract for goods, so the UCC, Article 2, applies. C. No, this contract would be governed by federal law. d. Yes, but only if the parties agree the UCC, Art. 2 applies.
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