Sales Contracts
Remember when we mentioned the Uniform Commercial Code (UCC) in the first chapter of this book? Now you will see it in action.
When we turn to contracts for the sale and the lease of goods, we move away from common law principles and into the area of statutory law. State statutory law is based upon the UCC which as been adopted as law by all of the states.
In this chapter part, we will cover the following:
| Competency | Apply the Uniform Commercial Code (UCC) |
| Criteria | Define the features of sales contracts |
| Criteria | Differentiate sales contract properties from other contracts |
| Criteria | Define title, risk of loss and insurable interest |
| Criteria | Discuss warranties |
| Criteria | Outline the remedies of the seller and buyer under UCC |
