Uniform Commercial Code Article 2 sale-of-goods basics, distinct from the bar exam's secured transactions coverage.
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- Under UCC Article 2, what is a sale?
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The passing of title from a seller to a buyer for a price- What does UCC Article 2 define as goods?
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Things that are movable and identifiable at the time of contracting, excluding money and investment securities- Who qualifies as a merchant under UCC Article 2?
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A person who deals in goods of that kind or otherwise represents by occupation that they have knowledge or skill in the practices involved- What is the scope of UCC Article 2?
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It applies to transactions in goods, but excludes services and real property- What does the statute of frauds in UCC 2-201 require?
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A contract for the sale of goods for a price of $500 or more must be in writing to be enforceable- When goods are accepted by a buyer, what effect does this have on the UCC 2-201 writing requirement?
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The contract is enforceable even without a writing, to the extent of the goods accepted- Under UCC 2-201, what is the merchant's written confirmation exception?
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A written confirmation between merchants is sufficient if not objected to within 10 days, even if the other merchant did not sign it- What is the battle of the forms under UCC 2-207?
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The rule governing what happens when the acceptance contains terms different from or additional to those in the offer- Under UCC 2-207(2), when do additional terms in an acceptance become part of the contract?
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When both parties are merchants, unless they materially alter the offer or the offer limits acceptance to its terms- If an acceptance expressly makes acceptance conditional on assent to additional terms, what is the result?
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It is not an acceptance and instead constitutes a counteroffer- What role do course of dealing and trade usage play in UCC Article 2?
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They interpret contract terms and fill gaps when the parties' agreement is otherwise silent or ambiguous- What is a gap filler in UCC Article 2?
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A default rule supplied by the UCC when the parties have not agreed on a particular contract term- Under UCC 2-305, what happens if the parties omit the price from their sales contract?
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A reasonable price at the time of delivery is imposed by the UCC- Can the quantity term be supplied by UCC gap-fillers if the parties do not agree on it?
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No, quantity cannot be supplied by the UCC and must be agreed by the parties- What is the general rule for risk of loss in a sale of goods?
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Risk of loss passes to the buyer when control of the goods passes to the buyer
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