Contracts

Get a hint

bailment

Click the card to flip 👆

1 / 212

Terms in this set (212)

In contract law, (1) a delivery of personal property by one person (the bailor) to another (the bailee), who holds the property for a certain purpose under an express or implied in fact contract. (2) the personal property delivered by the bailee to the bailor (3) the contract or legal relationship resulting from such delivery

duty to read

You are bound by what a document says if you sign it under circumstances that give you an opportunity to read it (and seek counsel) and you were competent to understand it if you had read it. A party to a contract which he has voluntarily signed will not be heard to declare that he did not read it or was ignorant of its content in the absence of fraud, deceit or coercion.

full warranty

a warranty that guarantees that if a product is found to be defective within the warranty period, it will be repaired or replaced at no cost to the purchaser.

limited warranty

a warranty that excludes certain parts of the product form coverage or requires the customer to bear some of the expense for repairs resulting form defects.

Uniform Commercial Code

adopted (in some form) in all 50 states; codified statues that deal with commercial transactions; in Georgia, Title 11