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11 Cards in this Set
- Front
- Back
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Sarah contracts to buy whiteacre. What law applies?
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CL - b/c it is real property.
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Marsha hires Shevon to babysit Sam & Sarah. What law applies?
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CL - babysitting is a contract for services.
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Delta agrees to sell four 747s to United for $60 mil. What law applies?
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UCC - this is sale of goods.
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Ted Koppel agrees to sell his toupee to Vin Dielsel for 10 bucks. What law applies?
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UCC - this is sale of goods.
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What is Ted Koppel is a merchant or the K price for his toupee is 1000k?
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UCC still governs. Doesnt matter is parties are merchants or what the K price is. Merchants only matters for a specific rule of the UCC. UCC governs all Ks for sale of goods.
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Citibank agrees to LEND United 60mil to buy the 747s from Delta. What law governs?
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CL. Loans and credit arrangements are covered by common law.
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Martha Stewart buys "The Guide to Insider Trading" which includes a free class on Insider Trading. Which governs since the guide is a good, and the class is a service?
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Must determine which is more important to the transaction - the good or the service. Whichever is more important controls.
Here, the guide (the good) is most important, so UCC governs. |
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I hire Tyler to paint my house for $3,000 including the paint I purchase from Tyler to provide on the job. Which law governs?
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Primarily K for service to paint the house, so CL governs.
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Mr. Carly leases a car from Hertz in NY. What law applies?
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UCC Article 2A in NY governs leases (whether business or consumer)
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Mr. Stern leases a car from Hertz in NJ. What law applies?
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CL. Leases governed by UCC Article 2A only in NY. MBE doesnt adopt.
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Sarah leases an apartment at the Wellesley. What law applies?
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CL. Even though Wellesley in NY and it is a lease, Art. 2 A only applies to leases for the sale of GOODS. CL always governs contracts of Real Property (which includes leases for Real Property)
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