Connecticut Receipt and Acceptance of Partial Delivery of Goods
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How to fill out Receipt And Acceptance Of Partial Delivery Of Goods?
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FAQ
A house certainly is a Good, but the sale of a house involves the sale of land. Under the U.C.C., any transaction involving the transfer of land is covered by Article 9 of the code.
Article 2 of the UCC (MCL 440.2101 et. seq.) governs the sale of goods. Article 2 is meant to provide default rules and gap-fillers that apply where two parties have not comprehensively addressed common issues in a written contract.
UCC, Article 2, Section 2-102 states that Article 2 applies only to goods transactions. The UCC definition of goods is set out in Article 2, section 2-105 as "all things ... which are movable ... other than money ... investment securities, and things in action.
For example, Article 2 of the Uniform Commercial Code governs the sale of goods between parties and has a distinct set of rules for merchants and nonmerchants.
Section 1-203 of the UCC provides, ?Every contract or duty within this Act imposes an obligation of good faith in its performance or enforcement.? Good faith is defined at Section 2-103(j) as ?honesty in fact and the observance of reasonable commercial standards of fair dealing.? This is pretty much the same as what is ...
Article 2 of the Uniform Commercial Code deals with transactions involving the sale of goods. It defines ?goods? as all items that are both identifiable and moveable at the time of the sale. So, the definition excludes contracts that involve services exclusively and real estate.
SECTION 2?103. (1) In this Article unless the context otherwise requires (a) "Buyer" means a person who buys or contracts to buy goods. (b) "Good faith" in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
The UCC does not apply to any transaction to buy or sell the real estate itself. More importantly, Article 2 does not cover any service contract like an employment contract for a salesperson. [7] The UCC also does not apply if labor is a ?significant part? of a contract.
