What Law applies? Flashcards

1
Q

CL governs what kinds of contracts?

A

Services.

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2
Q

UCC governs what kinds of contracts?

A

Goods.

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3
Q

How does UCC define a good?

A

A good must be (1) moveable, (2) existing, and (3) identified (4) at time of contract.
(includes animals and crops)

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4
Q

How are contracts that are for a mix of goods and services handled?

A

By determining the predominant purpose of the contract.

To do so, we examine:
1. Contract language
2. Nature of seller’s business
3. Reason for the contract from the buyer’s perspective
4. Relative cost of goods vs. services; compensation structure
(5. Gravaman (essential element) of action)

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