Contract Law Under the UCC (Uniform Commercial Code) section 3-405 (Employer's Responsibility for Fraudulent Endorsement by Employee) corporate accounts are exposed to a multitude of fraudulent and forgery risks and therefore it has been mandated th Continue Reading...
Contract law lies at the center of our legal system and serves as the basis of our whole society. Our society relies on free exchange in the marketplace at every stage. Contract law is what makes this probable. Exchanges in the marketplace always rel Continue Reading...
Law of Sales The Uniform Commercial Code is one of the most important uniform acts that were promulgated in order to unify the sales laws and other commercial transactions within all the states of the U.S. The importance of this code relies on the f Continue Reading...
Business Law Law of sales and Uniform Commercial Code Business law in most cases deals with the laws governing sale of goods and the implications making sales. This paper aims to concentrate on the explanations regarding the UCC, which is the Unifo Continue Reading...
Law of Contract Contract law As to concerned definition of law there are many definition among various schools of thought of law such that no particular definition is acceptable to them as universal definition of law, but nevertheless there is a co Continue Reading...
51), but less the amount of the down payment tendered by the defendants ($1,000.00)." ("Wendling v. Puls," 2011) This is significant, because it is showing how the court is affirming the position of the plaintiff. As they lost substantial amounts: of Continue Reading...
Uniform Computer Information Transaction Act The prevailing decade has been significantly marked as a decade of high technology and advancements. The most technological nations across the world have drifted from conventional and traditional brick an Continue Reading...
Because promises are usually kept, it is usually reasonable to rely on a promise, and promises are usually relied upon. (p. 1) Despite its centrality to the human condition, the social practice of promising remains primitive and incomplete in compa Continue Reading...
Typically, a contract will be the written version of the agreement. An agreement without a contract is often not enforceable by law. The intent to create legal relations in this instance is clear on the part of EndZone, as per their email, but is no Continue Reading...
contract for sale must be made and signed by both parties or by parties' authorized agent. All details must be clearly and specifically stated. The contract must also satisfy all details of subsection and satisfies requirement unless recipient gives Continue Reading...
contract is a legally enforceable promise that allows commerce to flow smoothly throughout society. Without contracts, businesses and consumers would be embroiled in constant disputes with potential for fraud and frequent misunderstandings but the f Continue Reading...
Legal Memo Acme Box and Container Company v. Long Haul Moving Company In this paper, I will elaborate on the various elements of the commercial transaction between two companies, Acme and Long Haul and offer an opinion as to the evidences of Acme's Continue Reading...
Intrenational Business Governing Language Governing Law and Forum Selection Arbitration Boilerplate Language in International Contracts USA-Brazil Trade: Rules of Trade Other Important Agreement and Laws Governing U.S. and Brazilian Trade Comp Continue Reading...
Contracts, Contract Law, And Society Contract Law Contracts are legally-binding agreements between two or more self-regulating parties for the purpose of furthering their commercial goals (Eisenberg, 1994). The elements of contracts, together with Continue Reading...
Contract Law For most of us living in Western societies contracts pervade most of our waking hours, yet how often do we really think about the countless transactions that we engage in every day? Buying a cappuccino at the corner Starbucks, streaming Continue Reading...
Contract Law Mistakes Mutual Mistakes in Contract Law Contract Law Mistakes This paper will analyze a case that explores mistakes under contract law. Both of the parties will be investigated in this case. It will also study the concept of mutual mi Continue Reading...
Contract Dispute -- Car Sales Contract Dispute The purpose of this essay is to review the field of contract regulations and laws as they relate to the termination of a contract. The matter discussed in this paper has to do with a change in the manu Continue Reading...
Procurement The law is both imaginary and complex, yet affects each and every one of us on a daily basis on a number of different levels. In the business world, the law takes on new meanings and new forms as commercial exchange is guided by their pr Continue Reading...
Whichever party files the claim has the initial burden to establish that a valid contract existed (Halbert & Ingulli, 2009). In that regard, any credible evidence such as a tape recording of the original telephone call or of any subsequent calls Continue Reading...
Acquisition Law on the Motorways According to the Uniform Commercial Code (UCC), the sales transaction of a $60,000 Corvette automobile is a valid agreement to contract based on the material term of the bargained for exchange, with definite terms of Continue Reading...
This essay provides a brief overview of several of the key factors in conflict of laws, including the areas where choice of law is likely to be at issue. Domicile Domicile is one of the key factors in choice of law. Domicile is not the same as loc Continue Reading...
United States has had varying sales laws across its states thus making interstate sales contracts difficult to initiate and monitor. In this regard, following the increasing complexity of these contracts, attempts were made to create a multidiscipli Continue Reading...
Any good that is purchased from Amazon via the internet is governed by Article 2 of the UCC. Buying a CD from this site would constitute buying a good. When the Amazon site puts a good up for sale then they are making an offer and when a person agr Continue Reading...
law approach to contract formation and contract terms is that an acceptance should be based on the actual terms of the proposed offer. This is primarily because an acceptance is a binding agreement that must be unconditional, absolute and identical Continue Reading...
Independent dealers must sign a contract that sets forth the manner in which they will operate their rental centers. Often a small business owner will supplement their income be adding U-Hauls to their market mix. Independent contractors earn a comm Continue Reading...
Oral contracts are contractual agreements made entirely on the basis of spoken communication (Stim, 2016). This is dissimilar to a written contract, where the existence of a contractual agreement is evidenced by a written document. Whereas written co Continue Reading...
The ability to end or terminate the contract is unilateral. Gabbard expresses the fact that changes must also be unilateral. The terms in settling a dispute must be predetermined before entering contract. The Government contract gives the authoritat Continue Reading...
RE: Clean Sales Contract1. Was a Contract created between Clean and Pros under the UCCThe basic elements of a contract are offer, acceptance, consideration, and the writing requirement (Chapter 8, Introduction to Sales and Leases, 2012). An offer is Continue Reading...
C.C. -- Article 2 -- Sales, 2005). In this case since the first lot was defective the buyer is going to claim that they have the right to refuse both lots. The seller will claim that they buyer should not be capable to refuse the second lot since it Continue Reading...
Statute of Limitations for Fraud This refers to the maximum time legal action may be brought against someone for the commission of a fraud. This Statute depends on the jurisdiction. Most federal crimes in general have up to 5 years to prosecute. Continue Reading...
Universal Commercial Code does apply because the vendors are supplying goods and products to the stores. "Many of the Code's provisions apply only to merchants or to transactions between merchants" (Mallor, 2003). It is possible that common law cont Continue Reading...
Introduction As the manager of Acme Fireworks, it is my responsibility to use the best business practices going forward. With business beginning to grow, the need to address certain issues is now incumbent and some decisions need to be made quickly b Continue Reading...
All products have to be returned in the original packaging and be in the same condition that they were in when the customer got them. The return may be rejected, or costs deducted for missing parts, non-original packaging, abuse, misuse or user negl Continue Reading...
UCC and NSF Checks L. Jones UCC and the Returned Check little wonton money, which burned out the bottom of his purse. Sir Thomas More (1478-1535), Works If one thing is sure in this financial world of ours, writing a check sure to bounce is a ver Continue Reading...
legally enforceable contract has several critical components, the first of which is an offer. An excellent example of this is the selling of a used vehicle. The buyer makes an offer of a particular amount of money for the car and/or the seller offer Continue Reading...
Whitt v Teeter American Business Legal Environment - American Business law is also known as commercial and corporate law. It governs all business and commercial transactions, but most consider it to be a branch of civil law that has evolved into a m Continue Reading...
Big Time Toymaker and Chou over an agreement to distribute a new strategy game. Some of the areas covered are whether or not a contract existed between the two parties, objective intent, and how e-mail comes in to play with enforceability. Also we s Continue Reading...
decision was in favor of the plaintiff, McCalif Grower Supplies, Inc. (McCalif). The court ordered the defendant, Wilbur Reed (Reed) to pay McCalif's invoice for the poinsettas. However, Reed appealed, and won the repeal. The court ordered a reverse Continue Reading...
d.). The doctrine of good faith and fair dealing is like the idea of fairness, is simple to expressive but hard to relate with accuracy. Most lawyers know the policy in the circumstance of personal property sales for the reason that the Uniform Comm Continue Reading...
