BLW 201 Chapter Notes - Chapter 9: Uniform Commercial Code, Personal Property, Meeting Of The Minds
2 Dec 2018
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Development of the law of contracts, common law i. ii. Contracts are primarily governed by state common law. Two principal types of contracts: business to business contracts (commercial contracts, business to consumer contracts (consumer contracts, the uniform commercial code. Usually concerns merchants, those that need less protection. (adopted by 49 out of the 50 states, not. Sale: consists of the passing of title to goods from a seller to a buyer for a price. ii. Personal property: any type of property other than an interest in real property (land): types of contracts outside the code i. Real property: land and anything attached to it, including buildings as well as any right, privilege, or power in the real property, including leases, mortgages, options, and easements. d. International contracts: definition of a contract, contract is a binding agreement that the courts will enforce. While all contracts are promises, not all promises are contracts.
