{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 20 - Chapter 20 1 Scope of UCC Article 2 a Article...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 20 1. Scope of UCC Article 2 a. Article 2 applies to the “sales of goods” b. A “sale” is the passing title of “goods” to/from a “merchant” (seller or buyer) for a price (money, goods, services) i. “Goods” are tangible and movable (not real estate) ii. Does not apply to real estate unless there is a “good” that can be severed by seller. If the good is severed by the buyer, then UCC2 does not apply iii. Generally contracts for services are not governed by ucc art 2 iv. UCC staud of frauds requires a quantity term c. A merchant has special business expertise and is not a casual buyer/seller i. (1) a person who deals in goods of the kind involved in the contract ii. (2) a person who, by occupation, holds himself or her-self out as having knowledge and skill peculiar to the practices or goods involved in the transaction iii. (3) a person who employs a merchant as a broker, agent, or intermediary d. A merchant for one type of goods is not necessarily a merchant for another type 2. Score of article 2a – leases a. Contract for lease of personal goods between a lessor and a lessee b.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern