BLAW 3201 : BLAW Test 2 Notes
Document Summary
It is impossible to overestimate the importance of contracts in the field of business: every business, large or small, must enter into contracts with its employees, its suppliers and its customers to conduct its business operations. Common law: most contracts are governed primarily by state common law, including contracts involving employment, services, insurance, Uniform commercial code: article 2 of the ucc governs the sale of goods (property moveable in nature)! Sale: the transfer of title from seller to buyer. Goods: tangible personal property (personal property is all property other than an interest in land) Contract: binding agreement that the courts will enforce. Hybrid contracts: contract with both sales and services. Join forces and got the bid and end up having a falling out determine if ucc is used, decide whether the primary purpose was services or goods: ucc did not apply because services were prominent.
