Contracts Final Version Flashcards
(6 cards)
1
Q
implied in fact
A
terms implicit on parties’ agreement and conduct
2
Q
implied by law
A
terms added by court usually to promote fairness or public policy
3
Q
reasonable efforts vs best efforts
A
- reasonable = CL
- best = UCC
4
Q
what is a warranty
A
contractual assurance that goods meet certain standards
5
Q
two categories of warranties
A
- warranty of title
- warranty of quality
6
Q
three types of warranties and how they are created?
A
- express: affirmation of fact or promise + description of goods + sample or model
- merchantability:
