I. What law governs the transaction? Flashcards
1
Q
What types of things does UCC govern?
A
Goods only
ex. Custom made suit, Silver dollar, Minerals (if it can be removed without damage to the land)
2
Q
What types of things does Common Law govern?
A
Real Estate
Services
Intangibles
Etc.
3
Q
Pass v. Shelby Aviation, Inc.
A
(Tenn. App.)
- When dealing with a mixed transaction, which law applies?
- Primary purpose test: Examine language of contracts, nature of business, reason parties entered into contracts, respective amounts charged under the contract for non-goods and goods