Common Law Contracts

Satisfactory Essays
UCC

Team Boys and a Chick

Law/421

11/3/12
Mr. Marmo
Uniform Commercial Codes

1) Does article 2 of the UCC apply to the contracts between Grocery Inc and their vendors?
Yes. In the scenario Grocery Inc is in contract with multiple vendors, both private (individual) and corporate vendors. Article 2 covers the sale of goods. Goods meaning that they can be moved during the time of purchase such as food products (Lawinfo.com, 2012). The UCC does not cover services like a membership, nor the sale of your home (because it can not be moved at the time of purchase). Also, not treat merchants and non merchants the same. An example of a merchant is a national grocery store and an example of a non-merchant is when your neighbor sells their vehicle.
2) Do common law contracts apply?
Yes, common law contracts also apply to the scenario. Article 2 only covers tangible items, and everything else is than governed by common law contracts. An example is Grocery Inc 's contracts with vendors are covered by the UCC because the involvement of the sale, but a vendor or an individual who stocks the shelving themselves (performing a service) would be covered under common laws.
Compare and Contrast: UCC and Common laws Besides the differences mentioned above, article 2 of the UCC and how common laws are implemented are very dependent on the contract and are completely circumstantial.
How does this relate to your profession? I think both article 2 and common law are incorporated into my profession. Well, considering I work at Applebees, a national chain of restaurants, which were once corporate but transitioning strongly into franchise depend, rely, and as contracted to a very specific group of vendors, but we also have liquor reps for various liquor companies we can work with that come into the restaurant, stock their liquor based on their marketing strategy, etc.

References
[pic][pic][pic]
Copyright © 1995 - 2012



References: [pic][pic][pic] Copyright © 1995 - 2012 LawInfo.com www.law.cornell.edu/ucc/2/overview. Copyright 1978, 1987, 1988, 1990, 1991, 1992, 1994, 1995, 1998, 2001, 2004 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.

You May Also Find These Documents Helpful

  • Good Essays

    Common Law Contracts

    • 1491 Words
    • 4 Pages

    to the contracts between Grocery, Inc. and its vendors? Do common law contracts apply? Explain your answer in detail. Your answer should compare and contrast law contracts and UCC Article 2 contracts. The Uniform Commercial Code (UCC) Article 2 applies only to contracts for the sale of goods. The definition of goods is defined as goods that are tangible, movable, or personal property. However, UCC Article 2 does not apply to real estate contracts or employment contracts. Common law contracts are for…

    • 1491 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    081-AC1221-60 Company Law ASSIGNMENT ONE The case concerns the pre-incorporation contracts. Firstly, it is necessary to define the pre-incorporation contracts. They are the contacts which the promoter wants to enter the contract before a company is incorporated. Under Common law position, the company cannot gain contractual rights or incurs liabilities from a pre-incorporation contract. Also; the pre-incorporation contracts cannot bind the company. In this case, Bosco is the promoter who…

    • 336 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Common Contracts

    • 692 Words
    • 3 Pages

    Common Contracts paper Alyssa Baker-Brake LAW/421 Lina Malanzo 07/01/13 Contracts are a written promise to do something, or not to do something. The purpose of the contract is to ensure that both parties will perform the duties that they have promised to do, or to prevent something that was promised to prevent. Contracts are here to ensure that people follow through with their word when they promise to do something. With a contract, you can make a promise a legal obligation. I have personally…

    • 692 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    OBLIGATIONS & CONTRACT | Academic Year 2012-2013 | | REVIEW MATERIAL | | ATTY. KRISTOPHER A. NAVALES | | | COMMON DISTINCTIONS | RESCISSIBLE CONTRACTS | VOIDABLE CONTRACTS | UNENFORCEABLE CONTRACTS | VOID OR INEXISTENT CONTRACT | 1. As to Defect | Damage to a party or to third person | Vitiation of Consent | Without or in excess of authority, or does not comply with the Statute of Fraud, or both parties are incapacitated | Absolute or lack of essential requisite in…

    • 861 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Contract Law

    • 935 Words
    • 4 Pages

    Contract A contract is a promise between two or more persons involving the exchange of some good or service. Some of the basic elements of a contract include: an offer and an acceptance; "capacity," or being of legal age and sound competence; "mutual assent," or agreement on the terms of a contract; and "consideration," or compensation for goods or services rendered. The element that distinguishes a contract from an informal agreements is that it is legally binding:the law provides…

    • 935 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Contract Law

    • 1329 Words
    • 6 Pages

    PART I. Introduction England's contract law is consisted of several laws and they can not be written or at least explained in a student's assignment, which is consisted of 1000 words. Despite that I will try to outline the main points of the contact law and explain briefly what each means. On the second point I will explain the little difference between the English contact law with the equivalent contract law of my home country which is Cyprus. I wrote "little differences " because, Cyprus is following…

    • 1329 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Common Law

    • 1140 Words
    • 5 Pages

    The term "common law" originally derives from the 1150s and 1160s, when Henry II of England established the secular English tribunals. The "common law" was the law that emerged as "common" throughout the realm (as distinct from the various legal codes that preceded it, such as Mercian law, the Danelaw and the law of Wessex)[43] as the king's judges followed each other's decisions to create a unified common law throughout England. The doctrine of precedent developed during the 12th and 13th centuries…

    • 1140 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Contract Law

    • 1309 Words
    • 4 Pages

    CONTRACT LAW – LECTURE 4 Promissory estoppel Is about the enforceability of all alteration promises (promises to pay more and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise, and the debtor does rely on it, the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise…

    • 1309 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Contract Law

    • 2561 Words
    • 11 Pages

    offer, acceptance, and consideration will not guarantee a legally enforceable contract”. Discuss. A contract is an agreement which normally consists of an 'offer ' and an 'acceptance ' and involves the 'meeting of the minds ' or consensus between two or more parties with the intention to create a legally enforceable binding contract. Therefore in this essay, the four core elements needed for the formation of a contract such as offer, acceptance, and consideration and intention to create legal relations…

    • 2561 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    THE LAW OF CONTRACT

    • 17101 Words
    • 65 Pages

    THE LAW OF CONTRACT IN GHANA (These notes have mainly been culled from Mrs. Christine Dowuona Hammond’s seminal work on the Law of Contracts.) INTRODUCTION Contracts are made by people every day, whether the parties recognise it or not. Each time one spends money on anything – a bus ticket, an airline ticket, a pair of shoes, a meal in a restaurant, laundry services, books, or signs a lease, etc. one concludes a valid and legally binding contract. Contracts may be oral or written;…

    • 17101 Words
    • 65 Pages
    Powerful Essays