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Contract Law: Key Provisions Overview

The document outlines the table of contents for the Uniform Commercial Code Article 2, which governs the sale of goods. It is divided into 7 parts that cover: 1) general provisions and definitions; 2) formation of contracts; 3) obligations of parties; 4) transfer of ownership; 5) performance of contracts; 6) breach, repudiation, and excuses; and 7) available remedies. The article establishes a comprehensive and uniform framework for the sale of goods across the United States.

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0% found this document useful (0 votes)
1K views2 pages

Contract Law: Key Provisions Overview

The document outlines the table of contents for the Uniform Commercial Code Article 2, which governs the sale of goods. It is divided into 7 parts that cover: 1) general provisions and definitions; 2) formation of contracts; 3) obligations of parties; 4) transfer of ownership; 5) performance of contracts; 6) breach, repudiation, and excuses; and 7) available remedies. The article establishes a comprehensive and uniform framework for the sale of goods across the United States.

Uploaded by

superxl2009
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as RTF, PDF, TXT or read online on Scribd

PART 1.

SHORT TITLE, GENERAL CONSTRUCTION AND SUBJECT MATTER


2-101. Short Title.
2-102. Scope; Certain Security and Other Transactions Excluded From This Article.
2-103. Definitions and Index of Definitions.
2-104. Definitions: "Merchant"; "Between Merchants"; "Financing Agency".
2-105. Definitions: Transferability; "Goods"; "Future" Goods; "Lot"; "Commercial Unit".
2-106. Definitions: "Contract"; "Agreement"; "Contract for sale"; "Sale"; "Present sale"; "Conforming" to
Contract; "Termination"; "Cancellation".
2-107. Goods to Be Severed From Realty: Recording.
PART 2. FORM, FORMATION AND READJUSTMENT OF CONTRACT
2-201. Formal Requirements; Statute of Frauds.
2-202. Final Written Expression: Parol or Extrinsic Evidence.
2-203. Seals Inoperative.
2-204. Formation in General.
2-205. Firm Offers.
2-206. Offer and Acceptance in Formation of Contract.
2-207. Additional Terms in Acceptance or Confirmation.
2-208. Course of Performance or Practical Construction.
2-209. Modification, Rescission and Waiver.
2-210. Delegation of Performance; Assignment of Rights.
PART 3. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT
2-301. General Obligations of Parties.
2-302. Unconscionable contract or Clause.
2-303. Allocation or Division of Risks.
2-304 -. Price Payable in Money, Goods, Realty, or Otherwise.
to 2-321 "Gap Fillers"
PART 4. TITLE, CREDITORS AND GOOD FAITH PURCHASERS
2-401. Passing of Title; Reservation for Security; Limited Application of This Section.
2-402. Rights of Seller's Creditors Against Sold Goods.
2-403. Power to Transfer; Good Faith Purchase of Goods; "Entrusting".
PART 5. PERFORMANCE
2-501. Insurable Interest in Goods; Manner of Identification of Goods.
2-502. Buyer's Right to Goods on Seller's Insolvency.
2-503. Manner of Seller's Tender of Delivery.
2-504. Shipment by Seller.
2-505. Seller's Shipment Under Reservation.
2-506. Rights of Financing agency.
2-507. Effect of Seller's Tender; Delivery on Condition.
2-508. Cure by Seller of Improper Tender or Delivery; Replacement.
2-509. Risk of Loss in the Absence of Breach.
2-510. Effect of Breach on Risk of Loss.
2-511. Tender of Payment by Buyer; Payment by Check.
2-512. Payment by Buyer Before Inspection.
2-513. Buyer's Right to Inspection of Goods.
2-514. When Documents Deliverable on Acceptance; When on Payment.
2-515. Preserving Evidence of Goods in Dispute.
PART 6. BREACH, REPUDIATION AND EXCUSE
2-601. Buyer's Rights on Improper Delivery.
2-602. Manner and Effect of Rightful Rejection.
2-603. Merchant Buyer's Duties as to Rightfully Rejected Goods.
2-604. Buyer's Options as to Salvage of Rightfully Rejected Goods.
2-605. Waiver of Buyer's Objections by Failure to Particularize.
2-606. What Constitutes Acceptance of Goods.
2-607. Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim
or Litigation to Person Answerable Over.
2-608. Revocation of Acceptance in Whole or in Part.
2-609. Right to Adequate Assurance of Performance.
2-610. Anticipatory Repudiation.
2-611. Retraction of Anticipatory Repudiation.
2-612. "Installment contract"; Breach.
2-613. Casualty to Identified Goods.
2-614. Substituted Performance.
2-615. Excuse by Failure of Presupposed Conditions.
2-616. Procedure on Notice Claiming Excuse.
PART 7. REMEDIES
2-701. Remedies for Breach of Collateral contracts Not Impaired.
2-702. Seller's Remedies on Discovery of Buyer's Insolvency.
2-703. Seller's Remedies in General.
2-704. Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods.
2-705. Seller's Stoppage of Delivery in Transit or Otherwise.
2-706. Seller's Resale Including Contract for Resale.
2-707. "Person in the Position of a Seller".
2-708. Seller's Damages for Non-acceptance or Repudiation.
2-709. Action for the Price.
2-710. Seller's Incidental Damages.
2-711. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods.
2-712. "Cover"; Buyer's Procurement of Substitute Goods.
2-713. Buyer's Damages for Non-delivery or Repudiation.
2-714. Buyer's Damages for Breach in Regard to Accepted Goods.
2-715. Buyer's Incidental and Consequential Damages.
2-716. Buyer's Right to Specific Performance or Replevin.
2-717. Deduction of Damages From the Price.
2-718. Liquidation or Limitation of Damages; Deposits.
2-719. Contractual Modification or Limitation of Remedy.
2-720. Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach.
2-721. Remedies for Fraud.
2-722. Who Can Sue Third Parties for Injury to Goods.
2-723. Proof of Market Price: Time and Place.
2-724. Admissibility of Market Quotations.
2-725. Statute of Limitations in Contracts for Sale.

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