Asked by Kennedy Bulman on Jun 25, 2024
Verified
The UCC differs from the common law of contracts in that the UCC:
A) is less concerned with technical rules.
B) deals with the sale of intangibles.
C) deals with service contracts.
D) is less concerned with the "good faith" doctrine.
UCC
A collection of laws and regulations in the United States that govern commercial transactions and the sale of goods.
Common Law
A legal system based on judicial decisions and precedents rather than statutory laws.
Technical Rules
Specific guidelines or procedures established in a field or profession to ensure accuracy, consistency, and standardization.
- Identify the relevance and breadth of the Uniform Commercial Code (UCC) along with the Common Law in the regulation of contracts.
- Determine the processes by which legislation intends to guarantee equity and sincerity in contractual transactions.
Verified Answer
FM
frida mandujanoJul 01, 2024
Final Answer :
A
Explanation :
The Code is more concerned with rewarding people's legitimate expectations than with technical rules;so it is generally more flexible than the common law of contracts.
Learning Objectives
- Identify the relevance and breadth of the Uniform Commercial Code (UCC) along with the Common Law in the regulation of contracts.
- Determine the processes by which legislation intends to guarantee equity and sincerity in contractual transactions.