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UCC codes

UCC codes - Term Definition 1-103(b(b Unless displaced by...

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Term: 1-103(b) Definition: (b) Unless displaced by the particular provisions of [the Uniform Commercial Code], the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions. Term: 2-201(1) Definition: (1) Except as otherwise provided in this section a contract for the sale of goods for the price of $500 or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made Term: 2-102 Definition: Unless the context otherwise requires, this Article applies to transactions for the sale of goods; Term: 2-105 Definition: (1) "Goods" means all thingswhich are movable at the time of identification to the contract for sale .
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Term: 2-106 Definition: A "sale" consists in the passing of title from the seller to the buyer for a price Term: 2-204 Definition: (3) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy. Term: 2-206 Definition: (1)Unless otherwise unambiguously indicated by the language or circumstances o(b) an order or other offer to buy goods for prompt or current shipment shall be construed as inviting acceptance either by a prompt promise to ship or by the prompt or current shipment of conforming or non-conforming goods, but such a shipment of non-conforming goods does not constitute an acceptance if the seller seasonably notifies the buyer that the shipment is offered only as an accommodation to the buyer.
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Term: 2-207 (1) Definition: (1)A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon, unless acceptance is expressly made conditional on assent to the additional or different terms. Term: 2-207(2) Definition: 2) The additional terms are to be construed as proposals for addition to the contract. Between merchants such terms become part of the contract unless: o(a) the offer expressly limits acceptance to the terms of the offer; o(b) they materially alter it; or o(c) notification of objection to them has already been given or is given within a reasonable time after notice of them is received.
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Term: 2-207(3) Definition: (3) Conduct by both parties which recognizes the existence of a contract is sufficient to establish a contract for sale although the writings of the parties do not otherwise establish a contract. In such case the terms of the particular contract consist of those terms on which the writings of the parties agree, together with any supplementary terms incorporated under any other provisions of this Act.
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