Use vocabulary regarding the UCC’s transactions in goods properly. |
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Identify the types of transactions covered by the UCC. |
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Explain the different standards applicable to merchants and non-merchants under the UCC. |
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Discuss the exceptions to formation defects that would otherwise invalidate the contract. |
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Explain the battle of the forms. |
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Differentiate between a firm offer and an option contract. |
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Evaluate the potential warranties involved in a transaction. |
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Discuss the options available to the buyer and seller upon breach. |
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Identify the remedies available to each nonbreaching party. |