The UCC Is Substantially the Same as the Common Law

question 57

True/False

The UCC is substantially the same as the common law with regard to the doctrine of material breach of contract.

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Definitions:

License

A legal permission granted by an authority to engage in a particular activity or to use a particular property not owned by the license holder.

Real Property

Land and anything permanently attached to it, such as buildings, in contrast to personal property.

Easement

An easement is a legal right to use another's land for a specific limited purpose without owning it.

By Prescription

A method of acquiring legal rights or ownership of property through long and continuous use or occupancy.