Timber Sale Contract

- This is a UCC contract because it concerns the sale of goods (including crops, and in this case, timber).

- It is bilateral because the buyer and seller are each making a promise.

- The contract will be executed when both parties have signed it.

- The contract is not illusory because there is consideration.

- The statute of frauds does not apply because this is a written, not oral, contract.

- There is no need for consideration to modify this contract because it is governed by the UCC.

- The contract is informal.

- There is no clause governing damages.

- The contract is valid; there are no terms listed within the contract regarding withdrawal.

- The title portion is in the seller's deed, section (d).

- There are material terms re. the lump sum price and height of trees.

- Alternative title dispute is within section (c) of the miscellaneous terms.

Group: Amy Liao, Megan Lockbaum, Jade Dacay, Leanne Pratt, Michelle Mcdaniel, Chelsea Barclay