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Week 3- Summary

Week 3- Summary

Q Each week, you will post a Summary of topics learned, objectives achieved and your personal conclusions as to the practical relevance of the subject material covered. The Summary is intended to be an informal rendition of your experience for the week, and need not comply with APA guidelines. It should, however, follow the following general format and be one page, more or less, in length (that’s PAGE – not paragraph): 1. Most important concepts learned during the week (DO NOT outline or summarize the textbook). 2. Relevant application of concepts to professional and personal life, either currently or hypothetically. 3. Personal Notes and other comments.

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This week lay mere emphasis on, “Remedies, Sales and Lease Contracts”. Also I would like to share in brief the difference between “Assignment and Delegation” under the contract law. Therefore, I took up the intent to provide a summary on these terms and well the legal concept that encircles them. The Uniform Commercial Code (UCC) contains rules applying to numerous kinds of business contracts, including contracts identified with the offer of merchandise, renting of products, utilization of debatable instruments, saving money exchanges, letters of credit, and reports of title for merchandise, speculation securities, and anchored exchanges (Miller, 2017).