Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Law questions