Question
1.Which of the following contracts would be covered by Article 2 of the UCC? Explain your reasoning. a.A California corporation is buying the Willis Tower
1.Which of the following contracts would be covered by Article 2 of the UCC? Explain your reasoning.
a.A California corporation is buying the Willis Tower (Chicago).
b.Ian Investor is selling 10,000 shares of stock in McDonald's Corp.
c.American Pharoah, winner of the 2015 Kentucky Derby, is being sold to a horse breeder in Michigan.
d.Farmer Brown, planning to quit farming and develop the land, sells his entire crop of apples, to be harvested in three months, as well as the trees themselves, to be cut and processed into mulch immediately after harvest.
e.Jamie takes a job on an assembly line, manufacturing automobiles, and signs an employment contract.
f.Farmer Brown hires an exterminator to apply pesticides to his 50-acre farm.
g.You go to your bank and borrow $1,500 to pay off a high-interest credit card that you used to buy books and clothes last semester. The bank does not require collateral
h.Harry's, a popular tourist spot that has a maze, cider, and other autumn attractions, buys a whole crop of pumpkins in June, while they are still growing.
i.A contractor agrees to remodel a bathroom for $10,000, which includes about $3,000 for new fixtures
j.You agree to take a job, in a neighboring state, for a salary of $45,000 per year
k.When Lynn sold her house, the buyer insisted on a new furnace. Lynn buys a new furnace, which will be installed before the new owner moves in.
2.What is the Restatement?
3.Why is the UCC not really uniform?
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