BUS-294 Lecture Notes - Lecture 29: Oral Contract, Unconscionability, Special Circumstances
Document Summary
What is the predominant purpose of the contract: predominant purpose: the main purpose of the contract. Example: i contract to buy a new machine for my factory. Example: i hire a company to come give a presentation on sexual harassment. As part of the contract, the company sends some booklets for attendees of the presentation the main purpose of the contract is a service, so it would not be under the ucc. Merchant: someone who routinely deals with the particular goods involved. It can also mean someone who appears to have special knowledge of skill relative to the goods: example: art dealer/broker doesn"t make the art, but he has special knowledge on the. Parties may make a contract in any manner that shows they reached an agreement. One or more terms made be left open. Because the ucc wants people to make deals. The fact that price was not stated, doesn"t necessarily make the deal invalid.