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UCC Article 2 - ANSWER-Commercial code. Sale
of GOODS
STATUTORY
LAW
Not
Louisianna
Merchant
transactions
Ucc fills gaps - ANSWER-Offers w open terms
The common law governs contracts for: - ANSWER-Services,
real estate
International contract law for sale of goods - ANSWER-UNCISG
governs dale of
goods
you
Under the ucc... - ANSWER-Sale contracts for goods over $500
must be written
, Writing for good sales must include - ANSWER-
Quantity, signature,
understandable
language
Firm offer - ANSWER-In writing, no consideration, ucc provides
offer in 3months
or
less
output contract - ANSWER-agreement to purchase all of a
particular producer's
production
Requirement contract - ANSWER-Buyer agrees to
purchase all goods
needed/required from designated seller for
given period
title - ANSWER-ownership
Risk of loss depends on - ANSWER-Shipping or destination
contract?
Shipping Contract - ANSWER-A contract under which a seller
turns goods over
to a carrier for delivery to a buyer. Both the title and risk of
loss pass to the