Grocery, Inc. Grocery, Inc. is a retail grocery store chain found in Any State; U.S.A. Grocery has stores throughout the unite States. Grocery has written contracts with many different vendors to purchase the products they make do in their stores. Vendors range from individuals to international corporations. Tom works as the produce manager for the store in My Town, U.S.A. Jeff, 17 geezerhood old, is spending his summer vacation working for Tom in the produce department.
A.) Does hold 2 of the Uniform Commercial encipher (UCC) apply to the contracts between Grocery and its vendors? Do common natural law contracts apply? Explain, in detail, why or why not. Your upshot should compare and contrast common law contracts and UCC Article 2 contracts.
Yes Article 2 of the UCC does apply to the contracts between Grocery and their vendors. Article 2 applies to all contracts for the sale of goods (2-102). The code contains a about complicated definition of goods (2-105); the most important thing to study is that the term goods means tangible personal property.
Article 2 does not apply to contracts for the sale of real estate or stocks and bonds and other intangibles. The drafters of the code withal tried to promote honorable dealing and higher standards of behavior in the marketplace.
They attempted to do this in several ways in Article 2. The cipher imposes a duty on everyone making agreements under the calculate to act in good faith (1-203). The Code also imposes certain standards of quality on sellers of goods as a subject of law.
Common law contracts would also apply to the Grocery and their vendors, ascribable to the mixture of goods and services. Common law would apply to the service chemical element that is predominant in the contract with regards to the delivery of the goods.
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