Asked by Marisa Tavarez on May 08, 2024
Verified
Greg signed a contract to work as an auto-parts manager for Jones Chevrolet.This contract is governed by:
A) Article 2 of the UCC.
B) state common law.
C) the doctrine of promissory estoppel.
D) the law of quasi-contract.
Auto-parts Manager
A professional responsible for overseeing the operations and inventory of an auto-parts store or department.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise considered binding, not because of a formal contract, but because it was relied upon by another to their detriment.
Quasi-contract
A legal concept where a court imposes an obligation on a party to prevent unjust enrichment or unfair benefit at the expense of another, even if no actual contract exists.
- Comprehend the pertinence and range of the Uniform Commercial Code (UCC) and Common Law in overseeing contracts.
Verified Answer
PO
Paraic O CarrollMay 15, 2024
Final Answer :
B
Explanation :
Contracts for the sale of real estate,services,and intangibles are governed by the common law of contracts.Article 2 of the UCC applies to contracts for the sale of goods but does not apply to the sale of real estate,services,or intangibles.
Learning Objectives
- Comprehend the pertinence and range of the Uniform Commercial Code (UCC) and Common Law in overseeing contracts.