business law

https://www.youtube.com/watch?v=ewP_QiinJ_g&feature=youtu.be

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1)  What is the Uniform Commercial Code (UCC) ?

2) To what types of contracts does Article 2 apply (or regulate)?

3) What are the two approaches for determining whether the UCC applies to a sale of mixed goods?  Which approach is used in California (mentioned in the textbook pp 405).

4) List two ways the UCC modifies the "Mirror Image Rule".

i)  

ii)  

5)  What is an agency relationship?

6)  What do the letters IRAC represent?

i)  I=  

ii)  R =  

iii)  A =  

iv)  C =  

7) When answering a Contracts Exam (HINT:  This will be useful for answering the  WRITTEN ESSAY/SHORT ANSWER part of the FINAL EXAM) normally, there are just three pieces you identify to answer a contracts question, they are:

i)  

ii)  

iii)