Contract Characteristics chart
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Description of the Contract (overview description of the transaction) |
Description of the Consideration Exchanged (explain who received what) |
Bi-lateral or Unilateral Contract |
Executed or Executory Contract |
Did the UCC ARTICLE 2 OR 2A apply? Why/why not (Do not address other ARTICLES in the UCC—Just Article 2 & 2A) [assume for our purposes both parties to the contract are defined as “merchants” for UCC purposes when filling out this chart] |
Oral or Written Contract |
Was there a breach of the contract? If so, explain the remedies you could sue for. |
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2
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3
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4
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5
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6
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7
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8
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9
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10
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