Wa Bar Exam - Sales (Ucc Article 2)/ Exam Review Questions And Answers, Verified.| Latest Update 2024/25|
WA BAR EXAM - SALES (UCC ARTICLE 2)/ EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. Governing law - -Article 2 of the UCC governs sales of goods, meaning everything that is moveable at the time of sale Merchant - general rule - -Any person in a business or profession is a merchant. Seller - general rule - -A seller is a merchant who deals in goods of a particular kind if she regularly sells them Contract formation - general rule - -A sales contract is made in any manner that shows agreement, including conduct Firm offer - -A firm offer is an offer from a merchant, in writing, specifically stating it will be held open for a specific period of time Offer revocation - -All offers are revocable until acceptance, except firm offers Acceptance - -An offer can be accepted in any reasonable manner. A buyer's offer to buy seeking prompt shipment can be accepted either by seller's promise to ship or by actual shipment of conforming or non-conforming goods Battle of the forms - -A definite, timely expression of acceptance creates a contract even if the acceptance contains terms that differ from the offer - additional terms become part of the contract unless the new terms are material or offeror objects within r
Document information
- Uploaded on
- April 30, 2024
- Number of pages
- 7
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers