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Definition
| An article of the UCC that governs sale of goods |
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Definition
| The passing of title of goods from a seller to a buyer for a price |
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Definition
| Tangible things that are moveable at the time of their identification to a contract |
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Definition
| A sale that involved the provision of a service and a good in the same transaction |
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Definition
A person who
1. Deals in the goods of the kind involved in a transaction
2. By his or her occupation holds himself out as having knowledge or skill peculiar to the goods involved in the transaction |
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Definition
| An article of the UCC that governs leases of goods |
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Definition
| A transfer of the right to the possession and use of named goods for a set term in return for certain consideration |
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Definition
| A person who transfers the right of posession and use of goods under a lease |
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Definition
| A person who aquires the right to possession and use of goods under a lease |
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Definition
| A 3 party transaction consisting of a lessor, a lessee, and a supplier |
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Definition
| A rule that says an open term can be "read into" a contract |
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Definition
| A shipment that is offered to a buyer as a replacement for the original shipment when the original shipment cannot be filled |
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Definition
| A rule that requires all contracts for the sale fo goods costing $500 or more and lease contracts involving payments of $1,000 or more to be in writing |
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Definition
| A rule which says that is a written contract is a complete and final statement of the parties' agreement, any prior or contemporaneous oral or written statements that alter, contradict, or are in addition to the terms of the written contract are inadmissable in court regarding a dispute over the contract |
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