College Paper Writing Service-What law (Uniform Commercial Code (UCC) or the common law) applies to this transaction?

College Paper Writing Service-What law (Uniform Commercial Code (UCC) or the common law) applies to this transaction?

1. What law (Uniform Commercial Code (UCC) or the common law) applies to this transaction?

2. Is the signed proposal between the Bank and Trill a contract? Why? Why not?

3. What is the significance, if any, that the Bank’s loan committee approved the proposed loans to Snowbelt and Trill?

4. If Trill prevails in his lawsuit for damages, what items should be included among his damages? Specifically, is Trill entitled to recover lost profits? In responding, assume the following evidence was introduced at trial:

a. One appraisal estimated the fair market value of the motor lodge in April 2001 at $4.6 million. A second appraisal estimated the fair market value to be $4.1 million.