Question
Facts for # 25 & # 26:Jon is a franchisee with Pizza Hutch, and he operates all 5 Pizza Hutch locations within the city of
Facts for # 25 & # 26:Jon is a franchisee with Pizza Hutch, and he operates all 5 Pizza Hutch locations within the city of San Francisco.Jon's business has gone steadily downhill during the last 3 years, so he is looking at closing 2 of the locations, and selling all of the inventory and equipment in those stores (ovens, cookware, food, plates, utensils, chairs, tables, etc.).
25.If he finds a buyer for this equipment and inventory, this sales contract will be covered by the UCC (Article 2).T/F. ?
26.Also, Jon has leases for the Pizza Hutch restaurant buildings from a real-estate investor, including for the 2 stores he wants to close down.If there is a dispute about what Jon owes the investor on the closed restaurant leases, these commercial lease transactions would be covered by UCC Article 2.T/F.?
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