Search results
Results From The WOW.Com Content Network
Specifically, the UCC has replaced the Restatement (Second) of Contracts in regard to the sale of goods. The Restatement (Second) of Contracts remains the unofficial authority for aspects of contract law which find their genesis in the common law principles of the United States and, previously, England. [citation needed]
The Restatements of the Law is one of the most respected and well-used sources of secondary authority, covering nearly every area of common law. While considered secondary authority (compare to primary authority), the authoritativeness of the Restatements of the Law is evidenced by their acceptance by courts throughout the United States.
The Restatement (Second) of Contracts states that the elements of consideration are as follows: 1. A performance or a return promise must be bargained for. 2. A performance or return promise is bargained for if it is sought by the promisor in exchange for his promise and is given by the promisee in exchange for that promise. 3.
A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognize the medical uses of cannabis, but wouldn ...
Restatement §203, trade usage non-excluded by parol evidence rules Columbia Nitrogen Corp v Royster Co , 451 F 2d 3 (4th 1971) 31,000 tons of phosphate a year for $50 a ton. The buyer could rely on custom of adjusting prices in the fertilizer industry despite the contract's express price, when the market fell.
President Trump signed an executive order Tuesday to expand his control over “so-called independent agencies” in a bid to rein in regulatory departments — including the Federal Trade ...
The withdrawal of previously declassified U.S. federal records is a process in which agencies can remove records from public access that they believe were incorrectly declassified and made available to the public at the National Archives and Records Administration.