I am in a business law class and my teacher handed out this question. I cannot find in my book exactly what the UCC is and what its stipulations are. The question is as follows:
David owns 1000 acres of land in Faulkner County, Arkansas. Dvid enters into a contract with Cushman Construction Company to sell Cushman 10,000 tons of gravel from a quarry located on the property for use as fill on a road project. Cushman is to remove the gravel. Next, David agrees to sell to Holsum Bread Company 400 acres of wheat growing on the property. David is obligated under the contract to harvest and deliver the wheat to Holsum. Then, David enters into an oil and gas lease with Texas Oil & Gas allowing them to drill a well on his farm and transport the gas in interstate commerce. Lastly, David agrees to sell the northeast 45 acres of the property with a standing corn crop in place to Allen Canning Company.
A. Which of these contracts, if any, fall under the Uniform Commercial Code?
2007-09-18
15:58:59
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0 answers
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asked by
Anonymous
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Politics & Government
➔ Law & Ethics