#1 Consumer, Administrative, & Antitrust Homework
1. We need law governing consumer transactions to protect consumers from unfair
trade practices of sellers as well as unsafe products.
2. If the FTC decides to bring an acti
Chapter 21-Scope of the UCC: The UCC is a uniform or model law that governs commercial transactions, from the sales of goods to secured transactions.
Significance of the UCC: The UCC adds clarity and predictably to sales law.Article 2 (sales) covers contr
Chapter 14 Mistakes, Fraud & Voluntary Consent
Contract may be unenforceable if the parties have not genuinely assented to its
terms by: Mistake, Misrepresentation, Undue Influence & Duress.
Mistakes of Fact:
o Only a Mistake of Fact allows a contract to