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Which of the following is considered “goods” as that term is defined under the UCC and the Ohio Revised Code:Multiple ChoiceCorporate stocksCopyrightsReal estateCrops that are growing

Question

Which of the following is considered “goods” as that term is defined under the UCC and the Ohio Revised Code:Multiple ChoiceCorporate stocksCopyrightsReal estateCrops that are growing

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Solution

The term "goods" as defined under the Uniform Commercial Code (UCC) and the Ohio Revised Code typically refers to tangible, movable items.

Here are the options broken down:

  1. Corporate stocks: These are considered intangible assets, not physical, movable items. So, they are not considered "goods" under the UCC or Ohio Revised Code.

  2. Copyrights: These are also intangible assets, representing a form of intellectual property. They are not considered "goods" under these laws.

  3. Real estate: Real estate is tangible, but it is not movable. Therefore, it is not considered "goods" under the UCC or Ohio Revised Code.

  4. Crops that are growing: These are tangible and movable (once harvested). Therefore, they are considered "goods" under the UCC and Ohio Revised Code.

So, the answer is "Crops that are growing".

This problem has been solved

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