Homework is easy and All answers will be short Homework 1: There are both similarities and differences between the UCC and the common law. Visit this url where you will find the full text of the UCC Article Two: http://www.law.cornell.edu/ucc/2/overview.htmlSelect ONE section of the UCC. Read the statute in its actual form. Then, decide whether the section you selected is consistent or inconsistent with the common law as you learned it in Business Law I. Then, answer the following questions:1. What is the section of the UCC that you selected?2. What aspect of contract law does the section deal with?3. How is the section you selected similar to the common law?4. How is the section you selected different than common law?Homework 2 :Please watch the short video at http://www.youtube.com/watch?v=ePv5QapHaxs depicting a situation where there is a sale of a car, and answer the following questions:1. Are there any express warranties created in this situation? What are they and how are they created?2. Does the implied warrantee of fitness for a particular purpose apply to this transaction? Why or why not?3. Does the implied warrantee of merchantabililty apply to this transaction? Why or why not?4. If car’s air bags were defective, what claims could the buyer make in a product liability action?Homework 3:Please do some research on a federal law commonly called ‘Check 21.’ Read enough about this new law so that you understand how it applies to checks. Then, in your own words and using your own analysis, discuss in around 100 words whether Check 21 is consistent or inconsistent with the law of negotiable instruments. Make sure to include a legal analysis in your submission. Also, include the source of any research that you do to complete this assignment.Homework 4;Lets take a look about how the holder in due course rules have been used in practice. Go to: http://lawlibrary.rutgers.edu/search.shtml. Update: Here is the new url: http://njlaw.rutgers.edu/collections/courts/Scroll to SEARCH THE N.J. COURTS DECISIONS, and enter the search term ‘Robert J. Triffin.’ The database will return a number of NJ cases in which Mr. Triffin is the Plaintiff. Select ONE of the cases returned to complete your Web-Field Trip this week.For the case you selected, answer the following questions:1. What is the name and case citation for the case you selected?2. Did Mr. Triffin achieve holder in due course status? If so, how did he achieve holder in due course status? If not, why didn’t he achieve holder in due course status?3. What was the outcome of the case you selected? Describe the outcome fully.4. Was this a just outcome, in your opinion? Explain the basis of your opinion fully, using information you learned this week about the UCC Article Three and Holder in Due Course status.
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