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Unformatted text preview: 5) What is the Uniform Commercial Code? It was created by the NCCUSL, and adopted by every state legislature. It creates a uniform set of laws across the states governing commercial transactions and contracts. 6) Discuss the differences within the classification of law as civil law and criminal law. Civil law is the law between people, and criminal law is the law between people and society. 7) Discuss the differences between remedies at law and in equity. Remedies at law include money, land, or anything of value. Equity of law are used whenever money or land doesn’t satisfy the injury, equities can include specific performance, injunction, or recession. 8) Identify and describe remedies available in equity. Injunction- order a party to cease a specific activity or undo something Recession- Cancellation of a contract Sepecific Performance- Ordering a party to cease engaging in a specific activity...
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This note was uploaded on 03/21/2012 for the course BLAW 1000 taught by Professor Stuff during the Spring '12 term at LSU.
- Spring '12