How does the UCC define "goods"?

The definition of "goods" under the Uniform Commercial Code (UCC) is specified as all things that are movable at the time of identification to the contract for sale. This definition outlines that goods must be tangible items that can be physically moved, which distinguishes them from other types of property, such as real estate or intangible assets.

This definition ensures that the focus is on items that can be transferred from one party to another in a commercial transaction. The concept of "movable" is crucial, as it means that the goods must be capable of being transported or delivered, rather than fixed or immovable. Additionally, identifying the goods at the time of the contract is essential for determining which specific items are subject to the terms of that agreement.

In contrast, the other options provided do not accurately capture the specificity of the UCC's definition of goods. For example, describing goods simply as all tangible and physical assets is overly broad and includes categories of property that fall outside the UCC's focus on commercial transactions. Similarly, stating that only items sold for profit or only perishable items qualify as goods significantly narrows the definition and excludes a wide range of movable items that are not necessarily tied to profit-making or perishability. Therefore, the UCC's