Which statute governs contracts that are leases in New York?

Which statute governs contracts that are leases in New York?

• A. Art II (sales of goods)
• B. Common Law (all other)
• C. Art II(a) (Leases)
• D. UCC Article 2

Answer: (C)

The main idea is that leases of goods fall under a specific part of the Uniform Commercial Code. In New York, contracts that are leases are governed by UCC Article 2A, the Leases section. This is separate from Article 2, which covers the sale of goods, and from general common-law rules that apply to non-UCC matters. So the correct choice points to the Leases portion of the UCC, typically called Article 2A. When you’re dealing with a lease of goods, you apply Article 2A’s rules for formation, performance, warranties, and remedies; for sales of goods you’d use Article 2, and for non-UCC contracts you’d rely on common law.

The main idea is that leases of goods fall under a specific part of the Uniform Commercial Code. In New York, contracts that are leases are governed by UCC Article 2A, the Leases section. This is separate from Article 2, which covers the sale of goods, and from general common-law rules that apply to non-UCC matters. So the correct choice points to the Leases portion of the UCC, typically called Article 2A. When you’re dealing with a lease of goods, you apply Article 2A’s rules for formation, performance, warranties, and remedies; for sales of goods you’d use Article 2, and for non-UCC contracts you’d rely on common law.