Learning Team B Weekly Reflection Paper
Learning Team B Weekly Reflection (week 5)
LAW/421
20 August 2013
Learning Team B Weekly Reflection (week 5)
Lately, learning team members conferred the ins-and-outs of contracts, most notably business contracts. Team B discussions [might have] exposed testimonies indicating members direct/indirect association to contracts. Maybe a favorite basketball player just signed one. There might have been member(s) with breaching practice. Still just, maybe a Team B member even signed one. Has the team figured it out though? What is a contract? Learning Team B simply exclaims: “contracts are any promise or set of promises that are legally enforceable” (personal communication, August 19, 2013).
So, it follows …show more content…
It was anarchy! Well, it wasn't that bad, but things were inconsistent. The UCC was created to establish a uniform set of rules to govern commercial transactions. This, my friends, brought harmony and stability to our great nation-or at least a little consistency. The UCC attempts to unify the national marketplace. The UCC covers a broad range of commercial transactions. For our purposes, when we discuss the UCC, we're talking about Article Two, which concerns the laws covering the sale of goods. What is a good? A good is a tangible item that a person can buy or sell. A loaf of bread is a good. Now, when you purchase that loaf of bread, you automatically become a party to a UCC contract. Not everything that can be bought or sold is a good. Something like a haircut, for instance, is not a good. It is a service. Contracts that don't cover the sale of goods are covered by either other portions of the UCC or by common law. Common law, also known as case law, consists of laws formed through previous court decisions. Things like services and land sales are covered by common law. Hmm, land is a tangible item that can be bought or sold, right? Why isn't it considered a good? Well, because it's not often that during a land purchase the land is actually physically moved someplace
LAW/421
20 August 2013
Learning Team B Weekly Reflection (week 5)
Lately, learning team members conferred the ins-and-outs of contracts, most notably business contracts. Team B discussions [might have] exposed testimonies indicating members direct/indirect association to contracts. Maybe a favorite basketball player just signed one. There might have been member(s) with breaching practice. Still just, maybe a Team B member even signed one. Has the team figured it out though? What is a contract? Learning Team B simply exclaims: “contracts are any promise or set of promises that are legally enforceable” (personal communication, August 19, 2013).
So, it follows …show more content…
It was anarchy! Well, it wasn't that bad, but things were inconsistent. The UCC was created to establish a uniform set of rules to govern commercial transactions. This, my friends, brought harmony and stability to our great nation-or at least a little consistency. The UCC attempts to unify the national marketplace. The UCC covers a broad range of commercial transactions. For our purposes, when we discuss the UCC, we're talking about Article Two, which concerns the laws covering the sale of goods. What is a good? A good is a tangible item that a person can buy or sell. A loaf of bread is a good. Now, when you purchase that loaf of bread, you automatically become a party to a UCC contract. Not everything that can be bought or sold is a good. Something like a haircut, for instance, is not a good. It is a service. Contracts that don't cover the sale of goods are covered by either other portions of the UCC or by common law. Common law, also known as case law, consists of laws formed through previous court decisions. Things like services and land sales are covered by common law. Hmm, land is a tangible item that can be bought or sold, right? Why isn't it considered a good? Well, because it's not often that during a land purchase the land is actually physically moved someplace