Ucc Flashcards
Ucc 1-304
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
Fifth amendment
You don’t have to testify if it incriminates you
Ucc 2015
Goods means all things that are moveable
Ucc 2014
A person who holds knowledge to the all peculiar to the goods involved is a merchant
When does ucc apply
When there is a primary good
If you don’t give someone money is it considered an option?
No. You need consideration to have an option
gol
General obligation law-
Same as firm offer laws except for non merchants and it’s not limited to 3 months
Icc 2207
Mirror image law, last form in is rule
When are offers revocations rejection and counter offers effective?
When relieved
What must damages be
Proximate flrsweable and reasonably certain
I -207
Under protest statute only for unliquidated