What does UCC Article 2 govern in Georgia?

UCC Article 2 governs sales contracts for goods, which is primarily defined under the Uniform Commercial Code as a comprehensive set of legal rules that establish a framework for the sale of goods. Under this article, the focus is on transactions involving tangible personal property, which can include a wide range of items from consumer goods to industrial equipment.

This section of the UCC is significant because it provides uniformity and predictability in commercial transactions, facilitating trade and commerce by clearly outlining the rights and responsibilities of buyers and sellers. It includes provisions on contract formation, performance, warranties, and remedies for breach of contract, all tailored specifically to the sale of goods.

Real estate transactions, employment contracts, and insurance agreements fall outside the scope of UCC Article 2. Real estate transactions are governed by property law, while employment contracts typically involve labor laws, and insurance agreements are regulated by specific insurance statutes, reflecting the distinct nature of those agreements compared to sales of goods. This specialization in UCC Article 2 helps ensure that the complexities of commercial sales are appropriately addressed.