Exam3-FC4 - The flashcards are formatted for printing....

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1. Merchants 2. Sales 3. Tangible property 4. Moveable personal property Uniform Commercial Code (UCC) Article 2
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Sale of goods relaxed all strict common law rules regarding how to legally create a contract. The Uniform Commercial Code Article 2 applies to:
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Sale Merchants
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Someone skilled in the area they say they are skilled in and possess some degree of expertise therein. The passing of title to personal property.
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Personalty Tangible Property
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Has a physical existence and can be seen and touched. Personal property.
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Uniform Commercial Code (UCC) Article 2 Goods; Services
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The Uniform Commercial Code Article 2 applies strictly to the sale of ____, not ____. If a contract applies to goods and services, a court will examine which portion of the contract is dominant; if services are dominant over goods, then it does not apply.
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Express Warranties Parties to the Contract
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Can specifically stipulate in the contract if the common law doctrines applies or the UCC contract provisions. Warranties that are clearly identified.
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Warranty Implied Contract
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Warranties created form the type of product that is the subject of the contract. Can arise from a model of the item or a demonstration of the item.
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Chapters Statute of Frauds
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Applies if the contract is for $5000 or more. All the section of the Bankruptcy Code.
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7, 9, 11, 12, 13 1, 3, & 5
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Administrative Chapters of the Bankruptcy Code. Operative Chapters of the Bankruptcy Code.
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Chapter 7 Chapter 7
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a debtor to eliminate all debts and still retain some property, but be debt free after the case is closed. Former law that was
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This note was uploaded on 09/08/2011 for the course BUL 3130 taught by Professor Tessitore during the Summer '08 term at University of Central Florida.

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Exam3-FC4 - The flashcards are formatted for printing....

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