Asked by Viktoriia Gervasi on Jun 29, 2024
Verified
If Article 2 of the Uniform Commercial Code is silent on an issue of sales contract formation or interpretation,what law applies?
A) State statutory law or state common law.
B) Federal statutory or federal common law.
C) Article 2 of the United States Constitution.
D) State statutory law or federal common law.
E) State common law or federal statutory law.
Sales Contract Formation
The process through which parties agree upon the terms of a sale, resulting in a legally binding contract encompassing the sale of goods or services.
Interpretation
The act of explaining, reframing, or understanding the meaning or significance of something.
- Familiarize with the sources of law that interpret sales contracts under the UCC.
Verified Answer
DH
David HumphreyJul 03, 2024
Final Answer :
A
Explanation :
When Article 2 of the Uniform Commercial Code is silent on an issue of sales contract formation or interpretation,the common law rules apply.Of course,if a state has passed statutory law regarding contracts,that law always supersedes the common law.
Learning Objectives
- Familiarize with the sources of law that interpret sales contracts under the UCC.
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