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Contract law in the United States: Difference between revisions
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In the United States, there are 2 main sources of contracts: | In the United States, there are 2 main sources of contracts: | ||
#'''2nd Re-statement of Contracts''' outlines rules found in the '''common law''' of contracts | #'''2nd Re-statement of Contracts''' outlines rules found in the '''common law''' of contracts | ||
#'''Article 2 of the <span style="background:yellow">Uniform Commercial Code</span>''' (UCC) is a set of uniform statutes governing the <u><span style="background:yellow">sale of goods</span></u>. | #'''[https://www.law.cornell.edu/ucc/2 Article 2] of the <span style="background:yellow">Uniform Commercial Code</span>''' (UCC) is a set of uniform statutes governing the <u><span style="background:yellow">sale of goods</span></u>. | ||
UCC has been adopted by all 50 states. | UCC has been adopted by all 50 states. | ||
Revision as of 17:29, June 10, 2023
An agreement that may be legally enforced is a contract.
Main sources
In the United States, there are 2 main sources of contracts:
- 2nd Re-statement of Contracts outlines rules found in the common law of contracts
- Article 2 of the Uniform Commercial Code (UCC) is a set of uniform statutes governing the sale of goods.
UCC has been adopted by all 50 states.
