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Greg discovered that his yard contained a vein of silver running through it . Greg managed to mine some of the ore and sell it
Greg discovered that his yard contained a vein of silver running through it Greg managed to mine some of the ore and sell it to a silversmith. Is the contract for the ore governed by the UCC or the common law?
Multiple choice question.
The contract is governed by the UCC Article A because no one actually owns the mineral rights under their property.
The contract is governed by the UCC Article since the ore was taken from the ground and sold as a good.
The contract is governed by the common law because Greg is not a merchant.
The contract is governed by common law, since anything connected with real estate is not a good.
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