Applicable Law Flashcards
1
Q
types of applicable contract law
A
- UCC
- CL
- Hybrid
2
Q
When does the UCC apply?
A
sale of goods
3
Q
determining parties under ucc, ask
A
are both parties merchants?
4
Q
UCC: what is a merchant?
A
someone who regularly does business with knowledge and experience in particular goods
5
Q
UCC: when should we assume/not assume merchant?
A
selling/buying high volume? merchant
unknown? non-merchant
6
Q
When does common law apply?
A
if K does NOT deal with sale of goods
7
Q
CL example Ks
A
real estate (house, land), services (construction)
8
Q
Hybrid cases
A
determinant the predominant purpose of the transaction
