Answer to Question #140197 in American Law for Sue

Question #140197
How are contracts between merchants different from contracts between “regular” people? Why do you think merchants are treated differently?
1
Expert's answer
2020-11-19T09:41:49-0500

Common law directs contractual transactions such as services, real estate, employment, insurance, immaterial assets. The UCC oversees contractual transaction with properties, goods, and material objects (for example, an acquisition of a vehicle). Thus, an agreement is any understanding or prearrangement grasped between two or more entities. A contract is a precise type of agreement, which, by its terms and components, is validly necessary and enforceable in a court of law.


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