Ch 7: UCC Sales Contracts
About This Chapter
UCC Sales Contracts - Chapter Summary
In this chapter, you'll delve into the components Uniform Commercial Code (UCC) contracts. Broken into several topical lessons, the chapter defines a variety of concepts under the UCC, such as buyer acceptance, seller's rights, revocation of acceptance, statutes of frauds, seller remedies and more. You'll be able to reinforce your understanding of these concepts by taking the lesson quizzes and chapter exam. Study any time that fits your schedule, and use any computer or mobile device to access these study resources. By the end of the chapter, you should be able to:
- Recognize UCC contract law requirements
- Evaluate buyer acceptance and rejection under UCC
- Describe the seller's right to cure
- Define the concept of revocation of acceptance under UCC
- Interpret UCC contract meanings
- Evaluate exceptions to UCC statute of frauds
- Assess UCC warranties
- Identify buyer and seller remedies under UCC

1. UCC Contract Law: Requirements
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including the necessary requirements to form a contract. This lesson explains offer and acceptance under the UCC.

2. Buyer Acceptance Under the Uniform Commercial Code
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including what constitutes a buyer's acceptance. This lesson explains acceptance by the buyer as defined by the UCC.

3. Buyer Rejection Under the Uniform Commercial Code
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods, including the buyer's obligations. This lesson explains how and when a buyer may reject goods.

4. Seller's Right to Cure Under the Uniform Commercial Code
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. This includes the seller's right to cure, or correct, a delivery. This lesson explains when and why a seller has the right to cure nonconforming goods.

5. Revocation of Acceptance Under the Uniform Commercial Code
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. This includes revocation of acceptance. This lesson explains when and how a buyer can revoke acceptance of goods.

6. Meanings of UCC Contracts
The Uniform Commercial Code, or UCC, allows a sales contract to exist even when the parties' contract terms differ. This lesson explains how additional or different terms are treated in UCC contracts, including the difference between merchant and non-merchant contracts.

7. Statute of Frauds Under the UCC: Definition, Exceptions & Examples
A statute of frauds is a state law that applies to certain oral contracts. The Uniform Commercial Code includes a model statute of frauds, requiring written contracts in only a few situations. This lesson explains the UCC's statute of frauds.

8. Warranties Under the Uniform Commercial Code
The Uniform Commercial Code's Article 2 covers contracts for the sale of goods. Article 2 contains warranties included as part of the sale of goods. This lesson explains the difference between express warranties and implied warranties.

9. Buyer's Remedies Under the Uniform Commercial Code
When a seller breaches a sales contract, the buyer will be entitled to certain remedies as outlined in the Uniform Commercial Code. This lesson explains a buyer's remedies under the UCC, including specific performance.

10. Seller's Remedies Under the Uniform Commercial Code
When a buyer breaches a sales contract, the seller will be entitled to certain remedies as outlined in the Uniform Commercial Code. This lesson explains a seller's remedies under the UCC, including a seller's withholding and reclaiming rights.
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Other Chapters
Other chapters within the Business 103: Introductory Business Law course
- The U.S. Constitution & Business
- The Basics of Contract Law
- Legal Requirements to Form a Contract
- Third Party Rights in Contracts
- Breach of Contract & Remedies
- Discharge of Contracts
- Introduction to Tort Law
- Product Liability & Consumer Protection
- Debtors' & Creditors' Rights
- Agency's Role in Business Law
- The American Legal System & Sources of Law
- The Legal & Ethical Environments of Business
- Studying for Business 103