LEGAL AND ENVIRONMENTAL BUSINESS TEST BANK

1. A and B contract for the sale of goods, Later A, who is 13 years old, wants to cancel the contract on grounds of incapacity, Which of the following is true? Assume that neither A nor B is a merchant, a. The common law capacity rules apply, because Article 2 of the UCC has no rules on the subject, b. The common law capacity rules apply, because neither A nor B is a merchant, c. Article 2’s capacity rules apply, because this is a contract for the sale of goods, d. The Restatement (Second)’s capacity rules apply, because Article 2 says to use the Restatement (Second) when it has no rule on the subject at issue, 2. is/are any property other than an interest in real property, a. Goods b. Personal property c. Tangible property d. None of the above