case study

Topics: Contract / Pages: 7 (1510 words) / Published: Feb 4th, 2014
Case Scenarios: Grocery, Inc., Presentation

LAW/521
February 3, 2014
Stuart Schwartz

Case Scenarios: Grocery, Inc., Presentation
Grocery, Inc. Uniform Commercial Code
The Uniform Commercial Code (UCC) applies to sales contracts that are agreements for the sale of tangible, moveable goods (Melvin, Chapter 8, 2011). Therefore, the UCC Article 2 would apply to Grocery Inc. and the different vendors that are making agreements, but only if the contract was missing or had open terms. “Article 2 of the UCC acts to fill in only missing or open terms (where the parties have not expressly agreed otherwise) in a contract for the sale of goods” (Melvin, 2011, Chapter 8). Each contract agreement needs to be reviewed by both Grocery Inc. and the different vendors to determine if there are any missing or open terms within the contract. “Open terms” can include quantity, delivery, price, or payments. “Common Law mainly deals with real estate, service, insurance, intangible assets and employment contracts” ("Difference Between", 2014, para. 2). Therefore, the contract agreements between Grocery Inc. and the various vendors would not be covered under Common Law. There are a few differences between UCC Article 2 and the Common Law. UCC covers tangible assets or goods. Common Law covers intangible assets or services. An example of how Grocery Inc. might be affected by Common Law is if the employees of the company vote to be unionized. If this takes place, Grocery Inc. would negotiate with the local union to establish a collective bargaining agreement.
Grocery, Inc. Renovations
In this scenario, Grocery, Inc. is renovating their building. They have contracted Company A to complete this task within 6 months. Company A has realized that they cannot complete this in the time allotted. They have decided to contract some of their work out to Company B without informing Grocery, Inc. After discovering this, Grocery, Inc. sued Company A for breach of contract.



References: Difference Between. (2014). Retrieved from http://www.differencebetween.net/miscellaneous/politics/difference-between-ucc-and-common-law/. Melvin, S.P. (2011). The Legal Environment of Business. A Managerial Approach. Theory to Practice. Retrieved from The University of Phoenix eBook Collection database.

You May Also Find These Documents Helpful

  • Hl7 Case Study Case Studies
  • case study
  • Case Study
  • Case Study
  • Case Study
  • Case Study
  • Case Study
  • case study
  • Case Study
  • Case Study