American Contract Law
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American Contract Law
Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States. The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code. There remains significant diversity in the interpretation of other kinds of contracts, depending upon the extent to which a given state has codified its common law of contracts or adopted portions of the Restatement (Second) of Contracts. Formation A contract is an agreement between two or more parties creating reciprocal obligations enforceable at law. The elements of a contract are mutual consent, offer and acceptance, consideration, and legal purpose. Agreement Mutual consent, also known as ratification an ...
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Uniform Commercial Code Adoption
The Uniform Commercial Code (UCC) currently consists of the following articles: *Art. 1, General Provisions *Art. 2, Sales *Art. 2A, Leases *Art. 3, Negotiable Instruments *Art. 4, Bank Deposits and Collections *Art. 4A, Funds Transfer *Art. 5, Letters of Credit *Art. 6, Bulk Sales (now deprecated) *Art. 7, Documents of Title *Art. 8, Investment Securities *Art. 9, Secured Transactions These articles have been adopted to varying degrees in the United States (U.S.) by the 50 states, District of Columbia, territories, and some Native American tribes. UCC adoption summary The following table identifies which articles in the UCC each U.S. jurisdiction has currently adopted. However, it does not make any distinctions for the various official revisions to the UCC, the selection of official alternative language offered in the UCC, or unofficial changes made to the UCC by some jurisdictions. UCC adoption legal citations The following list provides legal citations for each U.S. juris ...
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Salsbury V
Salisbury ( ) is a cathedral city in Wiltshire, England with a population of 41,820, at the confluence of the rivers Avon, Nadder and Bourne. The city is approximately from Southampton and from Bath. Salisbury is in the southeast of Wiltshire, near the edge of Salisbury Plain. Salisbury Cathedral was formerly north of the city at Old Sarum. The cathedral was relocated and a settlement grew up around it, which received a city charter in 1227 as . This continued to be its official name until 2009, when Salisbury City Council was established. Salisbury railway station is an interchange between the West of England Main Line and the Wessex Main Line. Stonehenge is a UNESCO World Heritage Site and is northwest of Salisbury. Name The name ''Salisbury'', which is first recorded around the year 900 as ''Searoburg'' (dative ''Searobyrig''), is a partial translation of the Roman Celtic name ''Sorbiodūnum''. The Brittonic suffix ''-dūnon'', meaning "fortress" (in reference to th ...
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Friendly J
Friendly may refer to: Places * Friendly, West Yorkshire, a settlement in Calderdale, West Yorkshire, England * Friendly, Maryland, an unincorporated community in the United States * Friendly, Eugene, Oregon, a neighborhood in the United States * Friendly, West Virginia, a town in the United States * Friendly Islands or Tonga Other uses * Friendly (surname) * Friendly (musician), Australian-born musician * Friendly (sport) or exhibition game, a game of association football or bandy that has no consequence in a wider competition * Friendly's, an American restaurant chain * Friendly Center, a shopping mall in Greensboro, North Carolina, United States * Friendly Hall, a building on the University of Oregon campus * Friendly High School, a public high school in Fort Washington, Maryland, United States * Friendly number, in mathematics, shares a property concerning its divisors * Friendly TV, a British TV station from 2003 to 2010 See also * Friend (other) * Friendly Hills ( ...
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Britton V
Britton may refer to: * Britton (law), an ancient summary of the Laws of England * Britton (given name) * Britton (surname) Places Canada * Britton, Ontario United States * Britton, Michigan * Britton, Oklahoma * Britton, South Dakota See also *Britten (other) *Briton (other) Britons, or the British people, are nationals or natives of the United Kingdom of Great Britain and Northern Ireland. British or Britons may also refer to: Peoples * Celtic Britons or Ancient Britons, Celtic people who inhabited Great Britain f ...
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Federal Arbitration Act
The United States Arbitration Act (, codified at ), more commonly referred to as the Federal Arbitration Act or FAA, is an act of Congress that provides for judicial facilitation of private dispute resolution through arbitration. It applies in both state courts and federal courts, as was held in '' Southland Corp. v. Keating''. It applies in all contracts, excluding contracts of seamen, railroad employees, or any other class of workers involved in foreign or interstate commerce, and it is predicated on an exercise of the Commerce Clause powers granted to Congress in the U.S. Constitution. The FAA provides for contract-based compulsory and binding arbitration, resulting in an ''arbitration award'' entered by an arbitrator or arbitration panel as opposed to a ''judgment'' entered by a court of law. In an arbitration, the parties give up the right to an appeal on substantive grounds to a court. Once an award is entered by an arbitrator or arbitration panel, it must be "confirmed" in ...
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