I need some assistance with my assignment.
In Weeks 4 and 5 learning segments, you learned about the 4 required elements of contracts under both common law and UCC. However, there are major differences in the details that are required to be included in a common law contract versus a UCC contract. Create a writing assignment answering the following questions:
Analyze the specific differences in details required to form a binding contract in common law and the UCC – provide examples.
What are the differences in performance to resolve a common law contract and a UCC contract?
How do breaches differ in a common law contract versus a UCC contract?
Are there remedies? Identify how they would apply to breaches and who (parties to a common law contract or UCC contract) can take advantage of them.
Assignment checklist:
Have I answered all the questions with support from the module resources and scholarly research?
Does my submission meet APA requirements and assignment requirements (minimum length)?
Have I provided in-text citations and source information in APA format including a working URL?
Have I reviewed the rubric before submitting the assignment?
Have I reviewed the originality report from Turnitin?
**Resources provided below (only using these)
1.From the following textbook from Saylor Organization Resources The Saylor Foundation -CC BY NC SA – Foundations of Business Law and the Legal Environment,Links to an external site. please read:
Chapter 13 – Form and Meaning, pages 439 – 458
Chapter 14 – Third Party Rights, pages 471 – 478
Chapter 15 – Discharge of Obligations, pages 499-505
Chapter 16 – Remedies, pages 530 – 550
2.Please watch the following videos:
Contract DefensesLinks to an external site.
Contract Law and the Writing RequirementsLinks to an external site.
Warranties and Limits on Sales Contracts UCCLinks to an external site.
Performance and Breach UCCLinks to an external site.
Remedies UCCLinks to an external site.
3.Concept Study Chart – Common Law and UCC Contracts Concept Study Chart Contracts-1.docx
