Case Scenario: Grocery Inc., Presentation
Review Case Studies:
- Grocery Inc. Uniform Commercial Code
- Grocery Inc. Renovations
- Grocery Inc. (Jeff)
- Gap Filing Rule (Cereal Inc.)
- Harry and Tom Breach of Contract
- Grocery Inc. (Jason)
- Supplier, Inc. (Bill)
Good Afternoon, in today’s presentation Learning Team D will discuss 7 case studies in regards to Grocery Inc.
Does Article 2 of the UCC apply to the contracts between grocery, Inc. and its vendors? Do common law contracts apply? Explain your answer in detail. Your answer should compare and contrast common law contracts and UCC article 2 contracts.
The United States has implemented in to legislation contracts that govern the sale of goods between common law contracts and the Uniformed Commercial Code Article 2 contracts. Federal contract common law mainly covers real estate, services, intangible assets, employment contracts, and insurance. While the UCC Article 2 coverage extends to the sale of goods and securities.