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While buyers and sellers are not required to know about the Uniform Commercial Code (UCC), understanding its principles can significantly benefit both parties in a commercial transaction. The UCC governs sales of goods and provides a framework for resolving disputes, which can help protect their rights and obligations. Awareness of the UCC can lead to more informed decisions and smoother transactions, but it is not a legal requirement for participation in the marketplace.

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Under the UCC does a sale occurs when title passes from a seller to a buyer for a price?

Yes, under the Uniform Commercial Code (UCC), a sale occurs when title passes from the seller to the buyer for a price, which may be paid in cash or other forms of consideration. The UCC governs transactions involving goods and establishes that the transfer of ownership, or title, is a key element in defining a sale. The specific moment of title transfer can vary based on the terms of the contract and the intentions of the parties involved.


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