Which of the following transactions is governed by Article 2 of the UCC? A) The sale of an apartment complex. B) the licensing of the rights to a song. C) the sale of common stock of Coca-Cola Company D) a contract to receive medical services in a hospital E) none of the above Which of the following are true ? A) the UCC does not follow the Common Law "mirror image rule" B) the UCC requires offers to be definite C) the UCC requires that Merchant's firm Offers be supported by consideration D) whales are fish The buyer and seller of goods identified to a contract of sale both and hold insurable interests in the goods. A) true B) false If not discussed between the parties, the UCC provides presumptions for all except which of the following common contract terms ? A) price B) quantity C) payment terms D) shipment or pick up In many transactions sellers agree that buyer can pay for the goods after they are delivered. This payment arrangement is known as : A) C.O.D B) goods sold on debit C) process payments D) goods sold on credit