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Lecture Seven: Advanced Contracts & UCC Sales

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Manage episode 491619425 series 3243553
Content provided by The Law School of America. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Law School of America or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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

  continue reading

1504 episodes

Artwork
iconShare
 
Manage episode 491619425 series 3243553
Content provided by The Law School of America. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Law School of America or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

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

  continue reading

1504 episodes

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