Contracts Flashcards

Flashcards on Contracts, Common Law, and UCC Art. 2

UCC Art. 2: §2-102

Transactions in goods

Sale: §2-106

Passing of title from the seller to the buyer for a price

Goods: §2-105

Moveable at the time of identification to the contract

Caption​

Case brief element including the case name and court

Facts

Case brief element including explanation of the parties and the issues at hand

Procedural History

Case brief element detailing relevant events for Civil Procedure

Issue

Case brief element addressing what the court has to decide

Outcome

Case brief element of who wins the case

Rules

Case brief element including governing legal doctrines

Analysis

Case brief element of applying the rules to this situation

Conclusion/Holding

Case brief element that is the legal conclusion that binds future cases

Contract

Legally binding agreement

Ruled by: Commo Law or UCC Article 2

Common Law

Governs services, land, and intellectual property matters

UCC Art. 2

Governs the sales of goods

Holding of Lohman v. Wagner

Trial Court dismissal of case AFFIRMED. Art. 2 governs weaner pig K b/c pigs = goods & goods predominate

Holding of Advent Systems v. Unisys

Art. 2 governs À Δ/ Buyer/ Unisys wins. Transactions involving software can sales of “goods” & even if not embedded in tangible medium like keydrive Art. 2 often applies “by analogy.

Contract Formation Basics

Mutual Assent + Consideration = CONTRACT