BLAW 4203 : Notes Exam 1
Document Summary
Uniform commercial code 2 ucc2 sale of a moveable tangible goods. Predominate factor test 80% moveable tangible, 20% labor, you consider it 100% ucc2. A 4 ton part of an oil rig is moveable. All plants, timber harvested or un-harvested are moveable. If the seller is to extract gold, oil, silver, etc. out the ground, then it"s ucc2. If the buyer is coming to extract then it is tcl. Services and intellectual property typically, neither of these are not ucc2. Traditional contract law tcl - if it"s not moveable, we are in traditional contract law. Ucc2 vs. tcl: traditional law retains the mirror image rule. Mirror image i ordered 9000 cases of jeans, all info is in there. Must be shipped in wooden pallets, comes back accepted to be on plastic pallets: in traditional law, you need virtually all terms. In ucc2, you only need a quantity term. 4 tier method to determining the rest of the information.
