There are portions of that 'murky bit of prose' known as the law which become understandably simple when retrograded from a conflagration of written words into the flowing paths of pure logi…Full description
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Describing parts of a statute under Phil. laws.Full description
Notes for Law Students
NON-UCC: 1787 - Constitution for the United States of America - Universal “hard asset - Labor Money” Monetary Corporation. [Labor Tax Exempt and Bankers cannot claim a usury BAR interest.]Full description
Descripción: UNIFORM COMMERCIAL CODE Warehouse Receipts, Bills of Lading and Other Documents of Title - Secured Transactions- Investment Securities
UCC Information
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Descripción: home assets held in SECRETE - SPENDTHRIFT TRUST by the office of Alien Property Custodian
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Indian economy is one of the world’s fastest growing economies with special growth of banking sector in the past few decades. Banking sector is the backbone of any economy. The Indian banking sector has experienced considerable growth since the int
Descripción: UCC1 in detail
Fraud Scams & Swindles
online frauds under the ambit of IT lawFull description
Statute of Frauds §2-201 A contract for the sale of goods in not enforceable unless there is: (1) “some writing sufficient to indicate that a contract for sale has been made between the parties” (or that the “writing afford a basis for believing that the offered oral evidence rests on a real transaction.” §2-201 Comment 1). (2) Signed by the party being enforced against. (3) Include a quantity term (need not be accurate but can only be enforced up to that quantity). §2-201 Comment 1. Note: A writing is not insufficient because it “omits or incorrectly states a term.” §2-201(1). Signature: Need not be a hand signature, but “any authentication which identifies the party to be charged.” §2-201 Comment 1; “any symbol executed or adopted with present intention to adopt or accept a writing.” §1-201(b)(37).
Exceptions to the Statute of Frauds: §2-201(3) (1) (a)If the goods are being specially manufactured for the buyer and cannot be sold in the seller’s ordinary course of business; (b) before learning of repudiation the seller has reasonably indicated that the goods are for the buyer; (c) substantially begun manufacture or procurement. §2-201(3)(a). (2) If the party whom enforcement is sought has admitted that a contract was formed, but only to the quantity admitted. §2-201(3)(b). (3) Goods which have been paid for or accepted, constitutes and unambiguous admission by both parties that a contract exist, but only enforceable to the amount delivered or paid. §2-201(3)(c); §2-201 Comment 2. See acceptance of goods chart.
Merchant Requirements for the Statute of Frauds §2-201(2) If a confirmation of the contract sufficient against the sender (signed with a quantity term) is sent within a reasonable time, it satisfies the Statute of Frauds if (a) opened; or (b) received and the recipient has reason to know of its contents. UNLESS Written notice of objection is given within 10 days after the confirmation is received. Note: Such a confirmation of an oral agreement only removes a Statute of Frauds defense, and still requires proof that the contract was made orally, and proof that its terms were the same under §2-207. See formation chart.
