Asked by Turner Beard on Jun 16, 2024
Verified
General contract law governs all contracts outside the scope of the UCC.
General Contract Law
The broad area of law concerning agreements between parties, including their formation, enforcement, and the remedies for breach.
UCC
The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions, including sales, leases, negotiable instruments, and secured transactions, in the United States.
- Gain an understanding of how the Uniform Commercial Code (UCC) applies to transactions involving goods and how it varies from transactions involving services, land, and copyrights.
Verified Answer
BS
Brett SiegelJun 17, 2024
Final Answer :
True
Explanation :
General contract law applies to all contracts not specifically covered by the Uniform Commercial Code (UCC), which primarily deals with transactions involving personal property, particularly goods.
Learning Objectives
- Gain an understanding of how the Uniform Commercial Code (UCC) applies to transactions involving goods and how it varies from transactions involving services, land, and copyrights.