Professional Documents
Culture Documents
I. What is a Contract?
II. Why have Contracts?
III. How has Contract Law Developed?
IV. The Uniform Commercial Code (UCC)
V. Article 2 of the UCC
VI. Contracts for the International Sale of Goods
VII. Types of Contracts
IV. The Uniform Commercial Code (a/k/a UCC): covers sales of goods
A. Created by American Law Institute and National Conference of Commissioners on
Uniform State Laws
- two private groups w/o legislative or any other rights (well respected)
- most states enacted the UCC into law with some differences (statutory law)
- Louisiana adopted UCC, except Article 2 (this state was sold toUS by France; laws of
Louisiana heavily influenced by Napoleonic Code, in contrast to other 49 states
whose laws are based on English common law)
B.
Purposes:
-
promote fair dealing & higher standards of behavior in the marketplace
V. Article 2 of the UCC
A. Art. 2 applies to Contracts for Sale of Goods = tangible personal property (movable
property), not:
- real property a/k/a land and improvements on land