Ucc Flashcards

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0
Q

Ucc 1-304

A

Implied in every contract though not stated. Obligation of good faith in performance. You can always argue a breach with this since it is always implied

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1
Q

Fifth amendment

A

You don’t have to testify if it incriminates you

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2
Q

Ucc 2015

A

Goods means all things that are moveable

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3
Q

Ucc 2014

A

A person who holds knowledge to the all peculiar to the goods involved is a merchant

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4
Q

When does ucc apply

A

When there is a primary good

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5
Q

If you don’t give someone money is it considered an option?

A

No. You need consideration to have an option

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6
Q

gol

A

General obligation law-

Same as firm offer laws except for non merchants and it’s not limited to 3 months

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7
Q

Icc 2207

A

Mirror image law, last form in is rule

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8
Q

When are offers revocations rejection and counter offers effective?

A

When relieved

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9
Q

What must damages be

A

Proximate flrsweable and reasonably certain

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10
Q

I -207

A

Under protest statute only for unliquidated

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