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5 Cards in this Set
- Front
- Back
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UCC Article 2
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Applies to the sale of goods, not services or real property.
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UCC Article 2A
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Applies to the lease of goods, not to the sale of goods, or the lease/sale of services and real property.
* Does not apply on the MBE |
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IM SMALL & DUUM
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Contracts: Defenses to Formation/Enforcement
I- Illegality of Contract M- Mutual Mistake S- Statute of Frauds M- Mistake in Transmission A- Ambiguity L- Lack of Consideration L- Lack of Capacity D- Duress/Coercion U- Unconscionability U- Unilateral Mistake M- Misrepresentation |
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MY LEGS
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Contracts: SOF situations
M- Marriage Y- Year (within one) L- Land E- Executor (or Administrator) G-Goods (for $500 or more) S-Surety |
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C LOGS JMP
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Contracts: Statute of Frauds Exceptions (DO NOT REQUIRE WRITING)
C- Custom Made Goods L-Leases (one year or less) O- One year (Full Performance) G- Goods Accepted or Paid for S- Suretyship J- Judicial Admission M- Merchants Own Memo (confirm) P- Part Performance |
