INTRODUCTION TO CONTRACTS_1

INTRODUCTION TO CONTRACTS_1 - INTRODUCTION TO CONTRACTS Why...

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INTRODUCTION TO CONTRACTS Why is it important to study the law of contracts? Why is it important to have rules regarding contracts?
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Where do the rules come from? Common Law Statutes - primarily state Uniform Commercial Code What is it? Purposes
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Applicability of UCC Article 2 Applies to Sales of Goods “Sale” – Transfer of title (ownership interest) for a price “Goods” – moveable, tangible, personal property
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Determining which rules apply
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Sale of Goods? Yes No Specific UCC Provision Applicable? No UCC Governs Another Statute Applicable? No Common Law Rule Governs Statute Governs Yes Yes
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Contracts Involving Both Goods and Services Issue – UCC Article 2 or other rule? “Gravamen” test – Looks at portion of contract that claim is about Predominant purpose test – what is the predominant purpose of the contract?
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UCC 2-104 - Definition of a Merchant “Merchant” means a person who deals in goods of the kind or otherwise by his
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This note was uploaded on 12/13/2010 for the course LAW 1101 taught by Professor Reed during the Spring '08 term at CUNY Baruch.

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INTRODUCTION TO CONTRACTS_1 - INTRODUCTION TO CONTRACTS Why...

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