III. Terms of K Flashcards
1
Q
Pre-K Words of Parties & Parol Evidence Rule
A
- Integration
- Written agreement that court finds is the FINAL agreement, triggers PER
- Partial Integration
- Written & Final, but NOT complete
- Complete Integration
- Written & Final & Complete
- Merger Clause
- “This is the complete & final agreement”
Parol Evidence Rule:
- Limited to the WORDS of the parties
- Can be ORAL or WRITTEN
- Comes BEFORE the Integration
2
Q
Conduct
A
(1) Course of Performance: Same People, Same K
(2) Course of Dealing: Same People, Earlier K
(3) Custom & Usage: Other people, Similar K
3
Q
UCC
A
Delivery Obligations of Seller if shipment K:
- Get goods to Common Carrier
- Make Delivery Arragnements
- Notify Buyer
Risk of Loss if Common Carrier turns on whether shipment K
Risk of Loss if NOT Common Carrier turns on if seller is merchant:
- Receipt rule for merchant sellers
- Tender rule for others
Disputes over quality of delivered goods:
- Fit for ordinary purpose if seller regularly sells
- Fit for buyer’s special purpsoe if seller knows
- Look for “as is” / “w/all faults” to disclaim implied warranties
- Look for limitation of remedies of express warranties