Article 2 of the UCC Flashcards
1
Q
When does Article 2 of the UCC applies
A
Applies to transactions in goods.
2
Q
What are goods for the purpose of UCC
A
Goods are things movable at the time of identification to the contract.
3
Q
In what way is a contract made under Art 2 of the UCC
A
A contract under Art 2 may be made in “any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such contract.
4
Q
What is a mixed contract
A
Both elements of services and goods.
The predominate purpose of the contract determines whether UCC or or common law governs.
5
Q
Formation Requirements
A
- Mutual Assent (offer and acceptance)
- Consideration
- No defenses
