BAR/BRI Bar Review New York Course Contracts/Sales/Equity 1 NEW YORK CONTRACTS (INCLUDING ARTICLE 2 SALES & ARTICLE 2A LEASES) 1
APPLICABLE LAW 2
CONTRACT FORMATION 3
STATUTE OF FRAUDS (needs writing) 4
CONTRACT TERMS 5
PERFORMANCE 6
EXCUSES FOR NON-PERFORMANCE 7
REMEDIES 8
THIRD-PARTY PROBLEMS (i
3rd party beneficiary; delegation of power; assignment) KEY ISSUE #1: APPLICABLE LAW A
The Multistate Bar Exam tests on 2 kinds of contract law: the common law of contracts (75% of the questions), & Article 2 of the Uniform Commercial Code (UCC) (25% of the questions)
How do you know which applies
Article 2 applies to only to a sale of goods: "Goods" are moveable, personal property
NOT land; NOT services; NOT a loan; etc
The identity of the buyer and seller (corporation, merchant,