Blw 2510 final exam - Study guides, Class notes & Summaries

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...

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...

BLW 2510 Final Exam Questions And Complete Answers ...