Explain which section of the uniform commercial code

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Reference no: EM1359588

Whistle Cabs, a taxi service company, has been ordered by the traffic department to update their taximeters to digital ones. Whistle Cabs decides to contract with MetersRUS, who provide digital taximeters. But to acquire it on such short notice, Whistle Cabs approaches Goldmint Bank. Goldmint Bank purchases the taximeters, and the taximeters are delivered to Whistle Cabs. The contract between Whistle Cabs and Goldmint Bank allows the taxi service company to use the taximeters for a period of time by providing monthly rentals till that period is completed. Which section of the Uniform Commercial Code will govern the contract between the parties? Why? What is the nature of the contract made between Goldmint, Whistle Cab, and MetersRUS?

Reference no: EM1359588

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