Examlex
Under CARD,colleges and universities must:
UCC 2-301
A provision under the Uniform Commercial Code (UCC) that emphasizes the importance of good faith in the performance or enforcement of contracts covered by the UCC.
Obligor
The party in a contractual agreement who is bound to provide a benefit or payment to another.
Assignment
A contracting party’s transfer of his or her rights to a contract to a third party.
Personal in Nature
Refers to anything related to or affecting a person individually, rather than businesses or entities.
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