Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain the difference between a good and service in sales contracts. Discuss why it is easier to form a contract under the UCC than common

  • Explain the difference between a good and service in sales contracts.
  • Discuss why it is easier to form a contract under the UCC than common law.
  • Describe how a merchant is defined under the UCC. Why can this be an important concept in the sale of goods?
  • Explain which law will govern a disputed contract if it involves both the sale of goods as well as an agreement to have services performed.
  • Analyze the advantages and disadvantages of having the UCC govern sales contracts.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Difference between a good and service in sales contracts In the context of sales contracts a good refers to tangible movable items Cars furniture and clothing are examples of goods Once a transactio... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value at Risk The New Benchmark for Managing Financial Risk

Authors: Philippe Jorion

3rd edition

0070700427, 71464956, 978-0071464956

More Books

Students also viewed these Law questions

Question

What are three disadvantages of using the direct write-off method?

Answered: 1 week ago