1. The UCC covers the sale and lease of "goods."What does the UCC define as being "goods?"
2. Peter owns 40 acres of land outside Mossy Head, FL.Peter discovers that there is a natural reservoir of crude oil underneath his land. Peter pays a company to do the necessary drilling, and now intends to sell the barrels of oil to a refinery.Will this sale of oil be considered a sale of a "good" under the UCC?Why or why not?Explain your answer.