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Blw 2510 contracts exam - Study guides, Class notes & Summaries

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BLW 2510 Contracts Exam Guide Questions and Answers 2024 Graded A

  • BLW 2510 Contracts Exam Guide Questions and Answers 2024 Graded A

  • Exam (elaborations) • 2 pages • 2024
  • Contract - Agreement creating obligation between parties. Law of Contracts - Ensures lawful expectations are met and provides remedies in case of default. Common Law - Applies to real property, personal property, services, employment; based on precedence. Statutory Law - Article 2 of UCC for contracts for sale of goods; applies to merchants. Merchants - Knowledgeable in goods; covered by UCC Article 2. Nonmerchants - Not knowledgeable in goods; common law applies. Governing Law...
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