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)

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2
Q

What types of things does Common Law govern?

A

Real Estate
Services
Intangibles
Etc.

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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
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