CHAPTER 19, 20, 21

Court will reform contract when parties verbally agree but later make written error in contract

Under the UCC, risk of loss does not necessarily pass with title.

Evidence outside a contract is called

Equitable remedy when parties imperfectly express their agreement in writing is called

Under the UCC, corporate stocks and bonds are considered intangible property

a contractual provision designating the applicable law is called

The remedy for a seller's breach of contract for a sale of real estate is specific performance.

Absent explicit agreement, title passes to the buyer when the seller performs delivery of goods

Single most comprehensive codification of broad spectrum of laws in commercial transactions is

Buyer without knowledge of circumstances that would make ordinary person ask about valid title:

Which one is generally not a category of damages for breach of contract?

The UCC

Buyer agrees to purchase &seller agrees to sell all/up to stated amount of what buyer requires.

The UCC does not allow Sales Contracts to limit remedies.

The UCC comes into play in one instance:

A person who deals in goods of the kind invloved in sales contracts is called a

The UCC defines a sale as

The equitable remedy whereby the contract is canceled is called

A contract may include provisions that provide that the only remedy for a breach is

Foreseeable damages resulting from a party's breach are called

Allows a court to act even when no actual contract/agreement exists between the parties.

In early years, sale of goods varied from state to state

The lessor retains an insurable interest in leased goods unless the

Sets forth the requirements for sales contracts including duties of the parties

Helps resolve disputes of complex contractual terms w/parties of different countries/languages 

A temporary delivery of personal property, without passage of title, into the care of another

Requires that certain contracts be in writing

The knowing relinquishment of legal rights is called

Compensatory damages compensate the injured party only for damages actually lost only.

Temporary delivery of personal property, without passage of title, to the care of another is a