“Contracts and The UCC”
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Many times we have a contract in front of us and we merely scan it and then sign it. Discuss what makes contracts difficult to read or comprehend. Next, identify and then explain the two most important elements of a contract that every manager should know about.
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From the e-Activity, discuss whether or not a manager would likely need to have a complete picture of the UCC in the state in which he / she sells goods.
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e-Activity: Go to the Uniform Commercial Code Locator, located at http://www.law.cornell.edu/uniform/ucc.html, to read about the UCC from your state and one other state.
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