Q1 Because a sale of a house involves a physical object (the house) and has a value of more than $500, it is automatically covered by the UCC, Article 2. T/F

Q2 Intentional breach of contract by one party, knowing it will cost the other party money, is a crime. T/F

Q3 In addition to covering the sale of goods, the UCC covers: A) security interests in goods B) the mortgage industry, because it is closely related to banking C) performance of services, if interstate commerce is involved D) none of the above

Q4 An offer must be communicated by the offeree to the offeror for the offer to be effective. T/F