Uniform Commercial Code, Article 2B, Licenses: Discussion Draft |
Common terms and phrases
1990 Official Text action adequate assurance aggrieved party agreed remedy agreement bailee breach of contract breach of warranty buyer or lessee buyer's right circumstances CISG CISGA claim commercially reasonable conform consequential damages consumer contract contains standard terms contract for sale contract price court creditors cure December deleted delivered document of title Drafting Committee enforceable excluded express warranty fails failure faith following rules apply former Section full performance fundamental breach identified immediate buyer impair the value implied warranty Incoterms installment January language liability limited liquidated damages market price merchant modification nonconformity Notes notice notify obligation output or requirements party's payment privity privity of contract purchaser record recover remote buyer repudiation resale resell revised Section revocation of acceptance revokes acceptance risk of loss security interest seller shipment SOURCE specific performance statute statute of frauds stop delivery Subject to Section Subject to subsection Subsection a)(2 substantially impairs transaction UNIDROIT unreasonable