contract law statute of fraud requirements
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All material terms must be included in the writing.
under the common law, the offeree doesn't need to notify the offeror of acceptance
(true or false)
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true
good title
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title warranty
sellers promise they have valid title to goods sold and rightful transfer of
title
additional provisions
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In sales and lease contracts, an agreed-on remedy is in addition to those
provided in the UCC unless the parties expressly agree that the remedy is
exclusive of all others. If the parties state that a remedy is exclusive, then it
is the sole (only) remedy.
sales law contract terms
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open terms are acceptable, if parties intended to form a contract, but the
contract is not enforceable beyond quantity term.
What are goods?
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, tangible and movable.
goods- personal property
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cars, equipment.
Article 2 of UCC
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governs sales of goods, applies to sales transaction between all buyers
and sellers.
requirements of sales contracts: agreement, consideration, capacity, and
legality
statue of fraud exceptions in sales law
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Exceptions exist for
1. specially manufactured goods
2. admissions
3. partial performance.
Give this one a try later!
All material terms must be included in the writing.
under the common law, the offeree doesn't need to notify the offeror of acceptance
(true or false)
Give this one a try later!
true
good title
,Give this one a try later!
title warranty
sellers promise they have valid title to goods sold and rightful transfer of
title
additional provisions
Give this one a try later!
In sales and lease contracts, an agreed-on remedy is in addition to those
provided in the UCC unless the parties expressly agree that the remedy is
exclusive of all others. If the parties state that a remedy is exclusive, then it
is the sole (only) remedy.
sales law contract terms
Give this one a try later!
open terms are acceptable, if parties intended to form a contract, but the
contract is not enforceable beyond quantity term.
What are goods?
Give this one a try later!
, tangible and movable.
goods- personal property
Give this one a try later!
cars, equipment.
Article 2 of UCC
Give this one a try later!
governs sales of goods, applies to sales transaction between all buyers
and sellers.
requirements of sales contracts: agreement, consideration, capacity, and
legality
statue of fraud exceptions in sales law
Give this one a try later!
Exceptions exist for
1. specially manufactured goods
2. admissions
3. partial performance.
