Assignment:
Question 1. The Uniform Commercial Code (UCC) is the law that governs many contracts for the sale of goods. The UCC does not apply to the sale of services, real estate, or professional services. The specific part of the UCC that deals with business sales is Article 2. The main way that the UCC affects business sales is in the offer and acceptance phase of sales contracts. Contracts are governed by the common law of contracts unless the UCC changes or modifies the rule.
Under Common Law a contract between party A and Party B must have clear detailed terms and conditions in order for a contract to exist. Under the UCC all that is needed for a contract to exist is the intention of party A and party B to enter into a binding agreement, even if some of the terms are omitted or left open.
How does the UCC differ from Common law contracts? Would the statute of frauds help in this area to protect individuals? What other defenses are there to the breach of a contract? Give reasons and examples to support your answers.
Question 2. In the law, certain contracts are valid for specific reasons including offer, acceptance and consideration. There are contracts made that are not enforceable and would be considered invalid under the law. One example is an adhesion contract. Describe the elements of a valid contract and what elements do a contract need to be considered valid in a court of law. What types of contracts are considered void or invalid? An example is an adhesion contract. Make sure and discuss specific legal principles.
Question 3. The case study stated, “One of the most critical findings was the lack of alignment of top leadership regarding the projects.” Briefly share an experience you have had where you felt a lack of leadership, and discuss how that void affected the success of your group.
Question 4. You are the project manager for the implementation of a new product line or new safety program at your plant. Discuss your role in maintaining the schedule.