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UCC Section 2-301
A provision under the Uniform Commercial Code that states the obligation of a seller is to transfer and deliver goods and the buyer's obligation is to accept and pay for them in accordance with the contract.
Basic Duty
A fundamental obligation or responsibility required by one's position, job, or legal standing.
Consolidated Electric
A hypothetical term possibly implying an amalgamation of multiple electric companies or utilities to form a single entity. NO.
Commercial Impracticability
A principle that excuses a party from performing their contractual obligation due to the occurrence of events that fundamentally transforms the nature of the obligations which the parties could not have anticipated.
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