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UCC • Comprehensive Code of Commercial Law • Enacted in every state (except Louisiana)
*Exam Tip*
___________________________________________
Subjective Objective
INTENT held by parties
What parties think & assume
Intent to Contract
“Meeting of the Minds”
Objective Modern
Standard
Silence as Acceptance
______________
Implied-in-Fact K Day Property
_________
Caton Property
Could this also be an
Implied-‐in-‐Law K?