Asked by reddy chittamuru on Jul 24, 2024
Verified
The UCC often creates contractual liability in situations where no contract would have resulted at common law.
Contractual Liability
The liability that individuals or entities have to one another as a result of entering into an agreement.
Common Law
A system of law based on precedent and customs rather than statutory laws.
- Recognize the influence of the Uniform Commercial Code (UCC) in amending conventional contract guidelines, specifically concerning the definiteness of offers and the strategies for filling gaps.
Verified Answer
CM
Collin MireaultJul 25, 2024
Final Answer :
True
Explanation :
The UCC,with its increased emphasis on furthering people's justifiable expectations and its encouragement of a hands-on approach by the courts,often creates contractual liability in situations where no contract would have resulted at common law.
Learning Objectives
- Recognize the influence of the Uniform Commercial Code (UCC) in amending conventional contract guidelines, specifically concerning the definiteness of offers and the strategies for filling gaps.
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