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The bank is about to loan money to Donald and will take a mortgage on land owned by Donald. Live oak and mesquite trees are
The bank is about to loan money to Donald and will take a mortgage on land owned by Donald. Live oak and mesquite trees are on the land. There are no plans to remove the trees. Which of the following statements is true?
a. | The land does not constitute goods but the stand of trees constitutes goods under UCC Article 9. | |
b. | Both the land and the stand of trees constitute goods. | |
c. | The land constitutes goods under UCC Article 9, but the trees are not goods. | |
d. | Neither the land nor the trees are considered goods under UCC Article 9. |
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