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Contract law in the United States: Difference between revisions
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(→Main sources: https://www.law.cornell.edu/ucc/2) |
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UCC has been adopted by all 50 states. | UCC has been adopted by all 50 states. | ||
==Requirements of a contracts== | |||
A contract requires 4 elements: | |||
#offer | |||
#acceptance | |||
#intent | |||
#consideration. | |||
Revision as of 17:41, 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.
Requirements of a contracts
A contract requires 4 elements:
- offer
- acceptance
- intent
- consideration.
