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17.1: Introduction

  • Page ID
    19210
    • Anonymous
    • LibreTexts
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    LEARNING OBJECTIVES

    After reading this chapter, you should understand the following:

    1. Why the law of commercial transactions is separate from the common law
    2. What is meant by “commercial transactions” and how the Uniform Commercial Code (UCC) deals with them in general
    3. The scope of Article 2, Article 2A, and the Convention on Contracts for the International Sale of Goods
    4. What obligations similar to the common law’s are imposed on parties to a UCC contract, and what obligations different from the common law’s are imposed
    5. The difference between a consumer lease and a finance lease

    17.1: Introduction is shared under a CC BY-NC-SA 3.0 license and was authored, remixed, and/or curated by Anonymous via source content that was edited to conform to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.