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5 Cards in this Set

  • Front
  • Back
Uniform Commericial Code (definition)
way to standardize contrac law with interstate (across states); created by a thinktank - who brought to each state to pass as law (all but Louisianna accepted); 9 articles
UCC #2 governs...
Sales of Goods
Basic Terms of Sale of Goods Contract
1. Subject matter
2. time of delivery
3. place of delivery
4. QUANTITY (most important)
5. Price (they can go to market price if not given)
UCC goal
make sure people have voluntarily come into all contracts
Quantity Term (of basic terms of UCC) most important because...
1. everything else can be reasonably estimated
2. can not figure out a remedy if you do not know the quanitity