LAW WEBINAR PROGRAM: CONTRACT LAW

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Presentation transcript:

LAW WEBINAR PROGRAM: CONTRACT LAW TOPIC: APPLICABLE LAW

FYLSE SUPREME PROGRAM: CONTRACT LAW STARTING YOUR ESSAY ANSWER DEFINITION OF CONTRACT. A contract is set of promises between two or more people, the performance of which the law recognizes a viable duty, and for the breach of which the law provides a remedy. A valid contract contains offer, acceptance and consideration, with no applicable defenses to contract formation. APPLICABLE LAW

FYLSE SUPREME PROGRAM: CONTRACT LAW APPLICABLE LAW COMMON LAW UCC, UNIFORM COMMERCIAL CODE APPLICABLE LAW

FYLSE SUPREME PROGRAM: CONTRACT LAW COMMON LAW SERVICES SECRETARY CARPENTER MECHANIC TEACHER EXECUTIVE FIREMAN APPLICABLE LAW

FYLSE SUPREME PROGRAM: CONTRACT LAW UCC: UNIFORM COMMERCIAL CODE Sale of Identifiable Moveable Goods. MERCHANT. Trades or Deals Regularly with Goods in the Contract, or Otherwise Holds Themselves Out as an Expert Knowledgeable About the Goods. APPLICABLE LAW

FYLSE SUPREME PROGRAM: CONTRACT LAW LOOKS LIKE Contract. A contract is set of promises between two or more people, the performance of which the law recognizes a viable duty, and for the breach of which the law provides a remedy. A valid contract contains offer, acceptance and consideration, with no applicable defenses to contract formation. UCC v. The Common Law. The Uniform Commercial Code governs the sale of moveable goods which are properly identified at contract formation. The Common Law of contracts consists of all other contracts, generally contracts for services. Merchants. Under the UCC, a merchant is someone who trades or deals regularly with the goods involved in the contract, or who otherwise holds themselves out as an expert knowledgeable about the goods in the contract. APPLICABLE LAW