THE GATEWAY ISSUE: COMMON LAW v. U.C.C. Flashcards
1
Q
Determines whether the common law or UCC governs
A
Predominant Purpose Test
2
Q
Common Law
A
Services & Real Estate
3
Q
Article 2: UCC
A
Goods (moveable objects)
4
Q
Divisible Contract
A
The predominant purpose governs each divisible contract (mini contracts). Think each contract is its own contract.
5
Q
Mixed Contract
A
Contracts that have elements of both goods and services. (example purchasing a personally crafted painting). When a contract is indivisible, utilize the “predominant purpose test.”