– Select a contract that you have dealt with/signed in the last year or so. Som

– Select a contract that you have dealt with/signed in the last year or so. Some common examples include car purchase contracts, gym membership contract, apartment lease, or a credit card contract.
– Indicate whether or not the Uniform Commercial Code (UCC) is applicable and why or why not. Remember, UCC Article 2 deals ONLY with goods, not services.
– Provide an example of ONE remedy afforded under the contract. Remember, a remedy is the answer to the question: “What is the injured party entitled to in case of a breach – meaning what does the non-breaching party get when the other party breaches the contract.” A breach would occur if one or both of the parties does not keep their promise under the contract. An example of a remedy for that breach could be the assessment of a late fee for delinquent payments or eviction from an apartment in a residential lease contract.
What you are to turn in: Upload a Word document with a photo in the embedded in that Word document showing the areas of the contract clearly showing ONE remedy and either an arbitration clause, or liquidated damages clause. Please highlight them in yellow so it’s easy for me to see. Then write a sentence or two on what these remedies mean or explain how they work if they are needed.