Property Ownership Land Use ControlsGeneralEASY
The main purpose of the Uniform Commercial Code is to:
Correct Answer
A) prevent fraud in the proof of oral sales.
The UCC standardizes commercial transactions and includes Statute of Frauds provisions that prevent fraud in proving oral sales contracts.
Answer Options
A
prevent fraud in the proof of oral sales.B
regulate personal property items pledged as collateral.C
make real property transactions more uniform.D
regulate commercial leasing.Audio Lesson3 min
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Related Topics & Key Terms
Related Topics:
property-types-personal-vs-realsecurity-interestscommercial-leases
Key Terms:
Uniform Commercial CodeUCCStatute of Fraudspersonal propertycommercial transactions
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