ENFORCEABILITY UNDER COMMON LAW AND UNIVERSAL COMMERCIAL CODE (UCC) Student Name: Michael Shepard Course Name and Number: Business 670: Legal Environment of Business Instructor: Dr. Leah Westerman Submission Date: April 20, 2015 Abstract This article will define the five elements needed to form an enforceable contract under common law and the Uniform Commercial Code (UCC). It will describe which types of contracts come under common law and under UCC. It examines one hypothetical, non-competitive
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Introduction The following case study provides an analysis of central idea of consideration and when the contract is enforceable because the agreement lacks consideration. In addition, discussion of multiple sources of law such as common law and the Uniform Commercial Code will summarize the difference between those sources and help to determine which one is applicable in the reviewed case study. Case Study As a recap of the facts, Jinsoo Kim invested about $170,000 into two companies part-owned and operated
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display was agreed upon, but no other arrangements have yet been made. While historically the right and power to contract are covered under common law and the Constitution to the extent possible and fair, the UCC has incorporated the common law functions of contract into the code. "The UCC is a summary of traditional common law
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Performance of the Sales Contract 1. No. The fact that the driver refused to let Sarah inspect the car before receiving a certified check for the balance due, and then unloaded the car and gave Sarah the title to the car after receiving the check, suggests that the parties agreed that Sarah was not entitled to inspect the car before payment against documents of title. 2. Assuming that Sarah was not entitled to the inspection of the car before payment and that she discovered the scratches
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might not have the funds to continue to pay extra help. In this paper I will determine which contract the owner and the other business will need. I will also need to determine if the contract is governed under the common law or the Uniform Commercial Code (UCC). Conduct to see if all the five essentials elements are met in the contact. Develop different employee types and relationships while discussing the advantages and disadvantages of each related to Acme Fireworks. Lastly, I will analyze
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Interactive Quiz for Modern-1e, Chapter 1 Chapter 1 — The Legal Environment 1. One of the oldest and most significant schools of jurisprudential thought is: a. the administrative law school. b. the environmental law school. c. the legal realists. d. the natural law school. Answers: a. Incorrect. Administrative law is a body of law consisting of the rules, orders and decisions of administrative agencies. It is not a school of jurisprudential thought
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ASSIGNMENTS AND QUIZZES BUS 311 Week 1 DQ 1 Applying the Law to a Set of Facts BUS 311 Week 1 DQ 2 Tort or Crime BUS 311 Week 1 Quiz BUS 311 Week 2 Critical Analysis Paper BUS 311 Week 2 DQ 1 Elements of a Contract BUS 311 Week 2 DQ 2 The Uniform Commercial Code (UCC) BUS 311 Week 2 Quiz BUS 311 Week 3 DQ 1 Employment-at Will BUS 311 Week 3 DQ 2 A Principal’s Responsibility for the Actions of Their Agent BUS 311 Week 3 Final Paper Prep BUS 311 Week 3 Journal Your Experience with Business Law BUS
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Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 1 "Branches of Government" Create a flowchart of the three branches of government and associate two (2) Uniform Commercial Code (UCC) clauses for each branch of government. Designate the relationships among the governmental branches. In an accompanying document, exemplify the types of powers of each branch of government and include these items: * Taxing and spending
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installed at Cedars-Sinai Hospital. The pacemaker was defective and caused injury to Hector who then sued Cedars-Sinai under section 2 of the UCC, Sales of Goods. Is this a case primarily of goods or services? Does the UCC govern this situation? The Uniform Commercial Code (UCC) governs the sales of goods, not the sale of service. Goods, as defined by the UCC, Section 2-105(1) are “all things (including specially manufactured goods) which are movable at the time of identification to the contract
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Assignment 4 Law, Ethics, and Corporate Governance (LEG 500) November 23, 2011 by clicking on the link in the course shell. There is also a link that will allow you to print the script of the video. Betty drove three hours in one hundred degree heat. Explain if this fact has any bearing on whether or not the dealer must perform in accordance with the published advertisement. The statutes responsible of regulate advertisements are the Federal Trade Commission (FTC) and the Lanham Act
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