Identification p 288
For any interest to pass to buyer, goods must be:
Identified as specific goods in the sales contract
Existing Goods ID takes place when contract is made (by serial # &/or physically separated from others.
Review Chapter 14
The Scope of the UCC P. 264
Facilitates commercial transactions.
UCC Article 2:
Governs contracts for sale of goods.
UCC 2 preempts common law.
Where UCC2 is silent, common law governs.
What is a Sale? P.265
A sale is the
Warranties of Title p 320
Automatically arises in most commercial sales transactions.
UCC- creates 3 warranties:
Good Title. In most cases, good & valid title is warranted.
No Liens. No encumbrances (claims, charges, or liabilities)
Obligations of the Seller p 301
Seller has a duty to tender delivery of conforming goods.
Tender means delivery to agreed place:
With reasonable notice.
At a reasonable hour.
In a reasonable manner.
Exactly, unless otherwise agreed.