Blw 2510 - Study guides, Class notes & Summaries

*C1: Constitutional Law - Law that is based on the U.S. Constitution and the constitutions of the various states. *C1: Statutory Law - The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). (Incl. Uniform Codes, Uniform Law, and Ordinances) Ordinances - A law passed by a local governing unit, such as a city or a county. *C1: Administrative Law / Regulations - The body of law created by administrative agencies (fed, state & local)...

The Formation of Sales and Lease Contracts - •Unlike the judge-made common law, the Uniform Commercial Code (U.C.C.) is statutory law passed by the legislatures of all 50 states. •By making much of contract law uniform across the American states, the U.C.C. attempts to strengthen commerce by simplifying and streamlining transactions. Article 2 - Sales of Goods - •Sale - Passing of title from a seller to a buyer for a price. •Goods - Tangible things that are moveable at the time of t...

*C1: Constitutional Law Answer> Law that is based on the U.S. Constitution and the constitutions of the various states. *C1: Statutory Law Answer> The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). (Incl. Uniform Codes, Uniform Law, and Ordinances) Ordinances - A law passed by a local governing unit, such as a city or a county. *C1: Administrative Law / Regulations Answer> The body of law created by administrati...

*C1: Constitutional Law Ans: Law that is based on the U.S. Constitution and the constitutions of the various states. *C1: Statutory Law Ans: The body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law). (Incl. Uniform Codes, Uniform Law, and Ordinances) Ordinances - A law passed by a local governing unit, such as a city or a county. *C1: Administrative Law / Regulations Ans: The body of law created by administrative agencies (fed, stat...

The Formation of Sales and Lease Contracts Ans: •Unlike the judge-made common law, the Uniform Commercial Code (U.C.C.) is statutory law passed by the legislatures of all 50 states. •By making much of contract law uniform across the American states, the U.C.C. attempts to strengthen commerce by simplifying and streamlining transactions. Article 2 - Sales of Goods Ans: •Sale - Passing of title from a seller to a buyer for a price. •Goods - Tangible things that are moveable at the...

Article 1 of the Uniform Commercial Code concerns _____ _____. Ans: general provisions Article 2 of the Uniform Commercial Code concerns _____ _____ _____. Ans: sales of goods leases of goods Ans: Article 2A of the Uniform Commercial Code concerns _____ _____ _____. Passing of title from a seller to a buyer for a price. Ans: sale Tangible things that are moveable at the time of their identification in the contract. Ans: goods 2 Persons who regularly deal in the goods of the kind invol...

Contract - Agreement creating obligation between parties. Law of Contracts - Ensures lawful expectations are met and provides remedies in case of default. Common Law - Applies to real property, personal property, services, employment; based on precedence. Statutory Law - Article 2 of UCC for contracts for sale of goods; applies to merchants. Merchants - Knowledgeable in goods; covered by UCC Article 2. Nonmerchants - Not knowledgeable in goods; common law applies. Governing Law...

BLW 2510 Test Questions And100% Complete Answers...

Contract Answer> Agreement creating obligation between parties. Law of Contracts Answer> Ensures lawful expectations are met and provides remedies in case of default. Common Law Answer> Applies to real property, personal property, services, employment; based on precedence. Statutory Law Answer> Article 2 of UCC for contracts for sale of goods; applies to merchants. Merchants Answer> Knowledgeable in goods; covered by UCC Article 2. Nonmerchants Answer> Not know...