BLAW 3201 : Test 2
Document Summary
Law of contracts- topic for rest of semester. Common law- most contracts are governed primarily by state common law, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. Uniform commercial code- article 2 of the ucc governs the sale of goods. 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- a binding agreement that the courts will enforce. 49 states have adopted all if not most of the ucc. Louisiana is the only state that has not adopted the whole ucc. Uniform nature is so that you know what you are getting in to when you buy something. The parties to a contract must manifest by words or conduct that they have agreed to enter into a contract.
