Objective  -You should have a basic understanding of the Uniform Commercial Code.  You will find excerpts from the UCC in Appendix D of your text, page 580.  In particular, Article 2 of the UCC is important to know for Chapter 11, so read it carefully. Sales contracts have the same basic requirements as regular contracts, but the UCC allows certain provisions to be flexible when contracts are between merchants.  Know about the seller's and buyer's rights and obligations under a sales contract.  You need a basic understanding of warranties that go along with sales contracts and know what remedies and damages are available for both buyers and sellers if a sales contract is breached.  Important cases for Chapter 11-Crest Ridge v. Newcourt.  This study of Domestic and International Sales should relate well to General Objectives 2, 3, 5 and 7 because besides being very complex, the UCC sets out rights and obligations and constraints  that businesses face everyday when dealing with consumers and other businesses

Assignments

Read Chapter Eleven

Do the Assignments listed below for Chapter 11.

Do the Discussion Question on Page 266 .  There are actually two questions involved, What is the advantage of the UCC compared to the common law of contracts?  Are there disadvantages to the adoption of a statute such as the U.C.C.?  You must fully answer the questions.  (Minimum of 500 words)  The UCC is a difficult concept to grasp sometimes, but it is very important especially in business and sales transactions between merchants.  So review what you learned about the common law of contracts in Chapter 10, and apply that to this question.  You might find this essay format link helpful.    https://blog.udemy.com/college-essay-format/

Also do case question #3 on page 266, .Marquette v. Norcem, 494 N.Y.S.2d 511, Sup Ct., App. Div., NY (1985).  Take a look at this article, which explains what happens when a defendant receives a summons to appear in a law suit and then either ignores the summons or fails to appear.  This is a cautionary tale that explains what happens when your company does not respond to a summons.  This issue is complex and certainly demonstrates potential liabilities for businesses when dealing with the legal system.  This case also is a good discussion of what constitutes good faith and fair dealing when negotiating contracts.  A default judgment entered in this matter.  A default judgment is something that you do not want to happen to your company.  In your answer, explain what a default judgment is and explain whether there was a breach of the duty of good faith..  The moral of the story is, "always respond to a summons." copy and paste    https://scholar.google.com/scholar_case?case=12415570885990921260&q=Marquette+v.+Norcem&hl=en&as_sdt=6,43&as_vis=1

All  assignments will be due November 13th by 11:59 p.m. and I will not accept them late