Applicable Law Flashcards
1
Q
Sale of Goods Contracts
A
UCC Article 2 governs all sale of goods contracts.
− Goods = all things movable at the time of identification to the contract (except money/currency).
*But, Common Law principles continue to apply, unless the UCC specifically displaces them.
2
Q
UCC Article 2
A
UCC Art. 2→Applies to sale of goods contracts.
3
Q
Common Law (CL)
A
Applies to all other contracts that do not involve the sale of goods.
4
Q
Mixed Contracts
A
The predominant purpose of the contract determines which law governs.
