BLAW FINAL - because his material costs are more than...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Final Exam Review A. Sale of Goods 1) UCC Article 2 - Items covered on sheet. 2) UCC Common Law Changes a) Firm Offer Rule b) Who is a merchant? – Deals in the goods of the kind involved in the sales contract. Ex) A sells B his car and sells car for a living A is a merchant with respect to the sale of cars and the rules that apply to merchants apply. c) Pre-existing duty rule – Does not apply if a modification to a contract is done in good faith ex) after the contract is entered into the seller requests more money
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: because his material costs are more than expected. d) Additional terms between merchants and non merchants 3) The Statute of Frauds a) Goods $500 or more b) Specially Manufactured goods exception The statute of frauds cannot be raised by a buyer if the goods were specially made for the buyer, not suitable to be sold to another and the seller made a substantial beginning towards manufacturing the goods or the procurement of materials....
View Full Document

This note was uploaded on 04/09/2008 for the course BLAW 200 taught by Professor Morgan during the Spring '08 term at SUNY Albany.

Ask a homework question - tutors are online