Question: Chapter 19 1. An auto lease between a consumer and a car dealer is not governed by the UCC because the statute applies only to

Chapter 19 1. An auto lease between a consumer
Chapter 19 1. An auto lease between a consumer and a car dealer is not governed by the UCC because the statute applies only to transactions between merchants. a. True b. False 2. The UCC promotes commerce by simplifying and streamlining commercial transactions. a. True b. False 3. To the extent that it has not been modified by the UCC, the common law of contracts applies to sales contracts. a. True b. False 4. To qualify as a sale under the UCC, the price in the transaction must be payable in cash. a True b. False 5. A contract for a sale of natural gas is a contract for a sale for goods. a. True b. False 6. If a court determines that a contract involving both goods and services is primarily a goods contract, any dispute over the deal will be decided under the UCC. a. True b. False 7. Under the UCC, merchant's choice is the test to determine whether a contract is primarily fo r the sale of goods or services. a. True b. False

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