Contracts 1: Applicable Law
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To what type of contracts does ARTICLE 2 apply?
SALE OF GOODS
"GOODS": movable personal property
To what type of contracts does COMMON LAW apply?
ALL contracts other than that for a sale of goods
e.g., real property, services
What law is applied for MIXED contracts?
Determine which element (e.g., goods vs. services) is more important. Apply the pertinent law.
What are the THREE types of contract law tested on the NY exam?
- Article 2: Sale of Goods
- Article 2A: Lease of Goods (not real property)
- Common Law: All other contracts
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