Comprehensive UCC, Business Organizations,
and Employment Law Review
Leave the first rating
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Students also studied
From the same upload Flashcard sets Study guides
Comprehensive UCC, Business Organizations, and Employment Law Review
Study guide
Alexus200402 Teacher
Terms in this set (94) Hide definitions
Why did most states adopt the UCC? Most states adopted the UCC to provide a uniform set of rules governing
commercial transactions, thereby simplifying and standardizing the process across
state lines.
What is a good under Article 2 of the UCC? A good under Article 2 of the UCC is defined as any tangible personal property
that is movable at the time of identification to the contract for sale.
What type of contract is covered by Article 2 of the Article 2 of the UCC covers contracts for the sale of goods.
UCC?
, What did the Court hold in Erie Ins. Co. v. Amazon.Com, The court held that a distributor is not responsible for product liability if they only
Inc. regarding product liability? distribute products for a seller and do not sell the product themselves.
What is the default provision for when title to goods The default provision is that title passes to the buyer at the time and place at
passes from Seller to Buyer in the UCC? which the seller completes their performance with respect to the physical delivery
of the goods.
What happens when a UCC contract does not contain a When a UCC contract does not contain a specific term, the UCC provides default
specific term? rules to fill in the gaps.
What is the UCC rule about accepting an offer to create Under the UCC, an offer can be accepted in any reasonable manner and by any
a contract? reasonable medium, even if the acceptance includes new or different terms.
How can a contract be formed under the UCC? A contract can be formed under the UCC by the conduct of the parties indicating
that they have reached an agreement, even if no express terms are stated.
What happens if a major term like the price is left out in a If a major term like the price is left out, a contract can still be validly formed under
UCC contract? the UCC.
What rights do buyers have regarding the inspection of Buyers have the right to inspect goods before accepting them, and the cost of
goods? inspection typically falls on the buyer.
What did the court hold in Villabos v. Atlanta The court allowed the buyer to attempt to prove that he revoked his acceptance
Motorsports, LLC regarding revocation of acceptance? of the good once he learned that its value was impaired.
What are the three situations in which an express An express warranty is created when a seller makes an affirmation of fact,
warranty is created? provides a description of the goods, or makes a promise regarding the goods.
What does the Implied Warranty of Merchantability The Implied Warranty of Merchantability means that goods sold by a merchant
mean? must meet the quality standards generally accepted in the industry.
What is the purpose of warranty disclaimers? Warranty disclaimers are used to limit or eliminate the seller's liability for certain
warranties, thus protecting the seller from claims.
What did the court say about warranty disclaimers in Lee The court upheld the validity of warranty disclaimers when they were clearly
v. R&K Marine? stated and agreed upon by both parties.
and Employment Law Review
Leave the first rating
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Students also studied
From the same upload Flashcard sets Study guides
Comprehensive UCC, Business Organizations, and Employment Law Review
Study guide
Alexus200402 Teacher
Terms in this set (94) Hide definitions
Why did most states adopt the UCC? Most states adopted the UCC to provide a uniform set of rules governing
commercial transactions, thereby simplifying and standardizing the process across
state lines.
What is a good under Article 2 of the UCC? A good under Article 2 of the UCC is defined as any tangible personal property
that is movable at the time of identification to the contract for sale.
What type of contract is covered by Article 2 of the Article 2 of the UCC covers contracts for the sale of goods.
UCC?
, What did the Court hold in Erie Ins. Co. v. Amazon.Com, The court held that a distributor is not responsible for product liability if they only
Inc. regarding product liability? distribute products for a seller and do not sell the product themselves.
What is the default provision for when title to goods The default provision is that title passes to the buyer at the time and place at
passes from Seller to Buyer in the UCC? which the seller completes their performance with respect to the physical delivery
of the goods.
What happens when a UCC contract does not contain a When a UCC contract does not contain a specific term, the UCC provides default
specific term? rules to fill in the gaps.
What is the UCC rule about accepting an offer to create Under the UCC, an offer can be accepted in any reasonable manner and by any
a contract? reasonable medium, even if the acceptance includes new or different terms.
How can a contract be formed under the UCC? A contract can be formed under the UCC by the conduct of the parties indicating
that they have reached an agreement, even if no express terms are stated.
What happens if a major term like the price is left out in a If a major term like the price is left out, a contract can still be validly formed under
UCC contract? the UCC.
What rights do buyers have regarding the inspection of Buyers have the right to inspect goods before accepting them, and the cost of
goods? inspection typically falls on the buyer.
What did the court hold in Villabos v. Atlanta The court allowed the buyer to attempt to prove that he revoked his acceptance
Motorsports, LLC regarding revocation of acceptance? of the good once he learned that its value was impaired.
What are the three situations in which an express An express warranty is created when a seller makes an affirmation of fact,
warranty is created? provides a description of the goods, or makes a promise regarding the goods.
What does the Implied Warranty of Merchantability The Implied Warranty of Merchantability means that goods sold by a merchant
mean? must meet the quality standards generally accepted in the industry.
What is the purpose of warranty disclaimers? Warranty disclaimers are used to limit or eliminate the seller's liability for certain
warranties, thus protecting the seller from claims.
What did the court say about warranty disclaimers in Lee The court upheld the validity of warranty disclaimers when they were clearly
v. R&K Marine? stated and agreed upon by both parties.
