Blw 2510 contracts - 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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BLW 2510 Contracts Questions and Answers

BLW 2510 Contracts Questions and Answers
Exam (elaborations) • 7 pages • 2024
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Contract Answer> Agreement creating obligation between parties. Law of Contracts Answer> Ensures lawful expectations are met and provides remedies in case of default. Common Law Answer> Applies to real property, personal property, services, employment; based on precedence. Statutory Law Answer> Article 2 of UCC for contracts for sale of goods; applies to merchants. Merchants Answer> Knowledgeable in goods; covered by UCC Article 2. Nonmerchants Answer> Not know...

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BLW 2510 Contracts Questions with Complete Correct Answers | Grade A+

BLW 2510 Contracts Questions with Complete Correct Answers | Grade A+
Exam (elaborations) • 6 pages • 2024
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Contract Ans: Agreement creating obligation between parties. Law of Contracts Ans: Ensures lawful expectations are met and provides remedies in case of default. Common Law Ans: Applies to real property, personal property, services, employment; based on precedence. Statutory Law Ans: Article 2 of UCC for contracts for sale of goods; applies to merchants. Merchants Ans: Knowledgeable in goods; covered by UCC Article 2. 2 Nonmerchants Ans: Not knowledgeable in goods; common law applie...