If a contract involves both goods and services, does the UCC apply? No. It depends on the predominant-factor test. If a court decides that a mixed contract is primarily a goods contract, any dispute, even a dispute over the services portion will be decided under the UCC. It depends on the predominant-factor test. If a court decides that a mixed contract is primarily services contract, then the UCC will not apply. Both the 2nd and 3rd answer above. QUESTION 14 Joe Exotic has a prize tiger named Tony the Tiger. In need of working capital, Joo Exotic borrows $5,000 from Jeff Lowe, who takes possession of Tony the Tiger as security for the loan No written agreement is signed. Which of the following statements is most accurate? Jeff Lowe needs to complete and file a financing statement with the US Patent and Trademark Office to assert his rights in Tony the Tiger Jeff Lowe has both a security interest in Tony the Tiger and is a perfected secured party. He has met all the necessary criteria listed under UCC 9-203 to be a secured creditor. Jeff Lowe has given value of $5,000 and has taken possession of the collateral, Tony the Tiger, owned by Joe Exotic (who has rights in the collateral) A prize tiger cannot be used as collateral for the loan. The UCC doesn't apply