Which of the following is correct regarding a commercial sale of goods?

Multiple Choice

It is the exchange of tangible personal property between a merchant and a non$-$merchant in return for consideration.

It is the exchange of tangible personal property between merchants in return for consideration.

It is the exchange of tangible personal property between a merchant and a non$-$merchant without consideration.

It is the exchange of tangible real property between merchants in return for consideration.

It is the exchange of intangible real property between merchants without consideration.