Law School Lecture Seven (Part 2): Advanced Contracts & UCC Sales
This conversation delves into the complexities of advanced contracts and UCC sales, focusing on the distinctions between common law and UCC, the formation and modification of contracts, the implications of warranties, and the remedies available for breach of contract. It emphasizes the importance of understanding these concepts for law students preparing for their bar exams, highlighting practical insights and exam strategies.
takeaways
Mastering the UCC is essential for law students.
Understanding the differences between common law and UCC is crucial.
Goods under UCC are defined as tangible, movable items.
The predominant purpose test helps determine applicable law for hybrid contracts.
Modifications under UCC do not require new consideration if made in good faith.
The perfect tender rule gives buyers significant leverage.
Express terms in contracts take precedence in conflicts.
Warranties under UCC provide automatic protections for buyers.
Disclaiming warranties requires specific language and must be conspicuous.
A well-drafted force majeure clause can provide clarity in unpredictable situations.
advanced contracts, UCC sales, law school, bar exam, contract law, common law, merchant, warranties, remedies, performance obligations