Introduction to Sales and Leases
• Distinguish a sale from a lease and describe the
governing law for both.
• Identify and explain the fundamental principles of
Article 2 and Article 2A of the Uniform Commercial
Code (UCC).
• Compare and contrast the manifestation of mutual
assent under both the common law and under Article 2.
• Determine how Article 2 deals with (1) the necessity
of consideration to modify a contract and
(2) irrevocable offers.
• Describe the UCC’s approach to requiring that
certain contracts be in writing and identify the
alternative methods of compliance under the Code
