LEGL 216 Chapter Notes - Chapter 20: Uniform Commercial Code, United Nations Convention On Contracts For The International Sale Of Goods, Contract
4 Sep 2018
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20 - the formation of sales and lease contracts. The national conference of commissioners on uniform state laws (nccusl) drafted: The ucc was developed to facilitate commercial transactions by making the laws governing sales and lease contracts clearer, simpler, and more readily applicable. The ucc views the entire commercial transaction for the sale and payment of goods as a single legal occurrence with several facets. Amaya v. brater (2013) : the duty of good faith and fair dealing is a concept created by the. Ucc and restricted to contracts for the sale of goods . The parties involved may agree to different terms than those stated in the ucc. Article 2 : (excludes real estate) of the parties involved in the sales contract. Sets forth the requirements for sales contracts , as well as the duties and obligations. Goods must be tangible (excludes stocks, bonds, and some services) and moveable.
