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CONTRACTS - PowerPoint PPT Presentation


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What Is a Contract?. A contract is a legally enforceable promise or set of promisesContract law is state law and is generally found in the Common Law.With some contracts, the Uniform Commercial Code may apply.. The Uniform Commercial Code. Had its beginning in the Law Merchant.Principles eventually became part of the Common Law.Prior uniform laws:Uniform Negotiable Instruments Act 1896Uniform Sales Act 1906.

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