Explain why the Uniform Commercial Code (“UCC”) was created (reasons) .

1.Explain why the Uniform Commercial Code (“UCC”) was created (reasons) .

2.What three types of things are NOT included under “sales of goods” in the UCC?

3.Define a “merchant” under the UCC, and describe when a merchant is held to a higher standard under the UCC laws.

4.Describe the requirements for the creation of a contract under the UCC.

5.What are the four provisions that may be left open in a UCC contract (“Open Provision Terms”)?

6.If the parties do not specify the payment term in a contract covered by the UCC, when is payment due?

7.What is the difference between “conforming” and “non-conforming” goods under the UCC, and how are these handled under UCC provisions if each occurs?

8.

What is a unilateral offer, and how is this situation handled differently between the UCC and common law?

9.What is the mirror image rule, and how is this situation handled differently under the UCC and common law?

10.Under the common law and UCC, a binding contract requires consideration. How is this rule modified under the UCC? When must this modification be in writing?
Answer these questions separately.

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