What is a fundamental characteristic of a "sale" under the UCC?

A fundamental characteristic of a "sale" under the Uniform Commercial Code (UCC) is indeed the transfer of title from the seller to the buyer for a price. This definition emphasizes that for a transaction to qualify as a sale, there must be a clear exchange of ownership or title of goods in exchange for payment.

The UCC's framework is designed to facilitate commercial transactions, and specifying that a sale must involve payment helps to clarify the rights and obligations of both parties. When a sale occurs, the seller relinquishes ownership and rights to the goods, while the buyer acquires those rights upon fulfilling the payment obligation. This transfer of title is crucial because it underpins other legal concepts related to sales, such as risk of loss and warranties.

In contrast, the other options describe transactions that do not fulfill the criteria of a sale under the UCC. The exchange of goods without a price represents a barter rather than a sale. A temporary lease refers to a rental agreement that involves possession of goods but does not include a transfer of ownership. Gifting goods entails a transfer without expectation of payment, which also falls outside the realm of a sale as defined by the UCC. Thus, the option highlighting the transfer of title for a price is the only