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7 Cards in this Set
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- Back
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2-105(1)
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"Goods" defined: tangible and movable, includes crops, timber,unborn young of animals, etc.
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2-106(1)
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"Sale" defined: transfer of title for price, if contract has more than one purpose and the primary purpose is service, UCC doesn't apply
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2-104(1)
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"Merchant" defined: one who deals in goods of the kind or otherwise holds himself out as having knowledge or skill particular to the practices or goods involved in the transaction
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1-304
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Obligation of good faith
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1-201(19)
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"Good faith" defined: honesty in fact in the conduct or transaction concernced. Applies to both merchants and non-merchants.
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2-103(1)(b)
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"Good faith" for merchants: honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
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2-204
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Basis for remedy: a validly formed contract must provide a basis for determining breach and for giving appropriate remedy. RST 33
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