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Lecture Seven: Advanced Contracts & UCC Sales
Manage episode 491619425 series 3243553
This lecture covers advanced doctrines in contract law, focusing on the Uniform Commercial Code (UCC) and its provisions governing the sale of goods. It highlights the distinctions between common law and UCC Article 2, contract modifications, performance obligations, warranties, remedies for breach, and the Statute of Frauds. Understanding these concepts is crucial for success in the bar exam.
Takeaways
Understanding the distinctions between common law and UCC Article 2 is essential for bar success.
Contracts for services, real estate, and employment are governed by the Common Law.
The UCC applies to contracts for the sale of goods, defined as tangible, movable items.
The Predominant Purpose Test determines which legal framework applies in hybrid contracts.
Under common law, a valid contract modification requires new consideration.
UCC modifications do not require consideration if made in good faith.
The Parol Evidence Rule prevents contradicting final written expressions.
The UCC imposes on sellers the duty to tender conforming goods.
The UCC recognizes three types of warranties: express, implied by merchantability, and implied by fitness for a particular use.
The UCC offers a broad range of remedies designed to put the non-breaching party in the position they would have occupied had the contract been performed.
Advanced Contracts, UCC Sales, Common Law, Contract Modifications, Performance Obligations, Warranties, Remedies, Statute of Frauds, Bar Exam, Contract Law
1504 episodes
Manage episode 491619425 series 3243553
This lecture covers advanced doctrines in contract law, focusing on the Uniform Commercial Code (UCC) and its provisions governing the sale of goods. It highlights the distinctions between common law and UCC Article 2, contract modifications, performance obligations, warranties, remedies for breach, and the Statute of Frauds. Understanding these concepts is crucial for success in the bar exam.
Takeaways
Understanding the distinctions between common law and UCC Article 2 is essential for bar success.
Contracts for services, real estate, and employment are governed by the Common Law.
The UCC applies to contracts for the sale of goods, defined as tangible, movable items.
The Predominant Purpose Test determines which legal framework applies in hybrid contracts.
Under common law, a valid contract modification requires new consideration.
UCC modifications do not require consideration if made in good faith.
The Parol Evidence Rule prevents contradicting final written expressions.
The UCC imposes on sellers the duty to tender conforming goods.
The UCC recognizes three types of warranties: express, implied by merchantability, and implied by fitness for a particular use.
The UCC offers a broad range of remedies designed to put the non-breaching party in the position they would have occupied had the contract been performed.
Advanced Contracts, UCC Sales, Common Law, Contract Modifications, Performance Obligations, Warranties, Remedies, Statute of Frauds, Bar Exam, Contract Law
1504 episodes
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