LAW 421 week 4 DQ 1in Political Science by nerdythetutor
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What are the UCC principles of good faith and reasonableness to sales contracts? What are the different ways that title transfers under UCC Article 2? Which party bears the risk? What distinguishes a sale on approval, sale on consignment, and sale or return under UCC Article 2?
The main principle of UCC is the law should encourage the consummation of business transactions. A contract must include the sale of goods to be recognized under UCC law. These goods must be tangible and moveable. Because the sale of goods is performed in an unpredictable market the UCC recognizes the need for agility when modifying contracts. The UCC will allow good faith reasons to adjust contracts as necessary. The good faith provision in a UCC contract is similar to the good faith in a common law contact. ...