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Ucc Laws

In: Business and Management

Submitted By cuzin4eva
Words 620
Pages 3
1.
Some of the differences between the UCC laws and traditional law of contracts are as follow: --The UCC does not control the contracts between companies and the traditional law does, UCC only controls the sale of goods. The traditional laws are standards that have been set different types of judges over the years that have been formed into a law. UCC laws and regulation are not set by judges if not by the government in which many of the states are starting to adopt. They are different in the aspect that when a lawsuit is brought in front of a judge or court they have to determine which law to apply to the case. Common law refers to many different type of laws that have been set and UCC only refers to one of them and that is the sale of goods.

2. Unconscionability = This describes a term that is used in contracts which provides and enforcement to make sure that term in the contract are followed correctly. There will be an enforcement of the contract to make sure that one party is not favored when making the contract. Example would be a seller of a good such as food, shelter, offers a contract between both parties.
Promissory Estoppel = This is where a person is denying, or not wanting to understand or approve of a certain law. A good example would be a mother and a daughter the mother advises her that if she passes away the inherence will be hers. The mother passes but never changes her will to add the daughter, but the daughter believes she has the right to the inherence.
Parol Evidence Rule = This would be a written contract between two party in which prevents one of the party from changing the contract or adding on something else to the contract . Example would be a car dealership representative sells a car to a consumer and expresses to them the car is really good and in good shape but the contact mentions "as is".
Statutes of

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