BBG 231 Lecture Notes - Lecture 18: Tunxis Community College, Intangible Property, Car Wash

• School: Tunxis Community College
• Department: Business – General
• Course: BBG 231
• Professor: Dillon

Document Summary

Sales and lease contracts under the uniform commercial code. Ucc adopted by every state in the us. Reason for ucc multi-state contracts conflicts of law. Article 2 the sale of goods ( deals with sale of good ) Modifies some of the common law contract requirement. To the extent that is has not been modified by the ucc, the common law applies to sales contracts. Rule: whenever there is conflict between a common law and the ucc, the. Article 2 deals with the sale of goods, it does not deal with real property, services, or intangible property. In some cases, the rules may vary quite a bit depending on whether the buyer or the seller is a merchant. Article 2 applies to transactions is goods. A sale is defined as the passing of title from the seller to the buyer for a.