Terms of the Contact Flashcards
(7 cards)
Five Parol Evidence Fact Patterns
1) Changing/ COntradicting terms in written deal (NO)
2) Mistake in integration (yes)
3) Defenses (yes)
4) Ambiguity (yes)
5) Adding to written deal (only if partial, or if written terms will ordinarily be in different agreement)
UCC Terms
Shipment Contract
Which means that the Seller completed delivery obligations when:
1) good to common carrier,
2) Make reasonable arrangement for delivery
3) Notice to buyer
* Risk of loss posses until delivered to carrier.
UCC Terms
Delivery Contract
Deliver goods to a particular destination
- risk of loss transfers when tendered to buyer at destination.
- Tender to buyer at destination (ROL)
Warranty
Implied Warranty of Fitness for Particular Purpose
1) Buyer has a PARTICULAR PURPOSE
2) Buyer RELYS on sell to select suitable goods
3) Seller has REASON to KNOW of purpose and reliance
Warrants: Good fit for particular purpose.
Contract
Parol Evidence
If intent to be final in writing nothing before or contemporaneous be brought in to show contradiction, very, or add to integration.
*** everything else is ok
Parol Evidence
Extrinsic Evidence Outside the Scope
1) Attacking the Validity
- Formation
- Condition Precedent
2) Interpretation (ambiguity)
3) True Consideration
4) Reformation
Perfect tender
Exception
Where the Seller has reason to think that non-conformity good will be acceptable to Buyer, which reasons from prior dealing.
- will have a reasonable time to cure, even if part due to him.