Minnesota Supreme Court Finds that “Predominant Purpose” Test Applies to Determine Whether Contract for Both Goods and Intangible Assets is Subject to the Uniform Commercial Code
In Vermillion State Bank v. Tennis Sanitation, LLC, 969 N.W.2d 610 (Minn. 2022), the Minnesota Supreme Court was presented with the question of whether the Uniform Commercial Code (“UCC”) applies to an alleged contract for the sale of both goods and intangible assets. The question matters because a contract for the sale of goods must […]