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U.C.C. - ARTICLE 2 - SALES (2002) PART 1. SHORT TITLE, GENERAL CONSTRUCTION AND SUBJECT MATTER. § 2-101. Short Title. § 2-102. Scope; Certain Security and Other Transactions Excluded From This Article. § 2-103. Definitions and Index of Definitions.
Uniform Commercial Code Article 2 governs the sale of goods. It was part of the original Uniform Commercial Code approved in 1951. Article 2 represented a revision and modernization of the Uniform Sales Act, which was originally approved by the National Conference of Commissioners on Uniform State Laws in 1906.
UCC Article 2, with its provisions on merchants, warranties, risk of loss, and remedies, offers a robust legal framework for regulating these transactions in the United States.
applies, contract formation under the UCC, contractual interpretation under UCC Article 2, and two key provisions applicable to most UCC disputes—warranties and remedies. Why You Need to Understand UCC Article 2
UCC Article 2 provides a range of rules for sales of goods contracts, including rules for how an offer is accepted, a contract breached, and obligations performed.
Know that the Uniform Commercial Code (UCC) imposes a general obligation to act in good faith and that it makes unconscionable contracts or parts of a contract unenforceable. Recognize that though the UCC applies to all sales contracts, merchants have special obligations.
Article 2 of the UCC is a code that governs transactions for goods, which most states (Louisiana being the major exception) have statutorily codified in some form.
Our collection aims to show each section of the U.C.C. in the version which is most widely adopted by states. That means we will not always display the most current revision if that revision has not achieved widespread adoption among American legislatures.
UCC Article 2 applies specifically to contracts for the sale of goods. It governs both the formation of these contracts and the rights and duties of the parties involved. Its main purposes are: (1 ...
Part 1: Introduction to Article 2. The Uniform Commercial Code, or “UCC”, provides uniform laws on a variety of subjects which are broken down into nine “Articles.”. This post is the first installment in a new series focusing on UCC Article 2 – the sale of goods.