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In this lesson, we continue discussing performance in contract law, focusing on its identification under common law and Article 2 of the Uniform Commercial Code (UCC). We are transitioning from contract formation to performance, specifically examining whether a binding contract exists. To analyze a contract law fact pattern, we first determine if a traditional enforceable contract is present. Key considerations include mutual assent, consideration, possible defenses that could invalidate the contract, and whether the statute of frauds applies. This foundational understanding is essential before delving into performance-related issues.
