Asked by Henry Gardner on May 21, 2024
Verified
What is the test frequently used to determine "hybrid" contracts?
A) Determining the value of the contract.
B) Determining the party to benefit.
C) Determining which element predominates.
D) Determining the validity of the contract.
Hybrid Contracts
Agreements that involve elements of both goods and services, where the provision of services and the sale of goods are combined into one contract.
Predominates
To be the strongest or main element; to have greater importance or weight than other factors.
Validity
The state of being logically sound, legally binding, or effectively enforceable, often used in the context of contracts, arguments, or empirical research.
- Recognize and comprehend the fundamental components of a contract, including the offer, consideration, and capacity.
- Learn the importance and dimensions of the Uniform Commercial Code (UCC) paired with Common Law in the governance of contracts.
Verified Answer
LL
Leticia LaborielMay 23, 2024
Final Answer :
C
Explanation :
Many contracts involve a hybrid of both goods and services.The test that the courts most frequently use to determine whether Article 2 applies to such a contract is to ask which element,goods or services,predominates in the contract.
Learning Objectives
- Recognize and comprehend the fundamental components of a contract, including the offer, consideration, and capacity.
- Learn the importance and dimensions of the Uniform Commercial Code (UCC) paired with Common Law in the governance of contracts.