Question 1: What is the purpose of the Uniform Commercial Code (UCC)?
Question 2: What types of transactions are covered by the UCC?
Question 3: What problems was the UCC designed to address?
Question 4: How would interstate transactions be different without the UCC? Provide an example.
Distinguish between a joint tenancy and a tenancy in common with regards to real property. What are the differences in the owners' rights and obligations between the types of ownership?