Performance of Sales and Lease Contracts

The video tutorial covers the concept of personal property and its distinction from real property. It explains the Uniform Commercial Code (UCC) and its role in governing sales and lease contracts. The tutorial delves into the basics of contract performance, including the exchange of value and the tender of performance. It discusses the importance of assurance of performance and the implications of anticipatory repudiation. The video also differentiates between substantial and complete performance, explaining what constitutes a breach of contract and how contracts can be voided under certain conditions.

How can a party demonstrate assurance of performance in a contract?

What is the difference between substantial performance and complete performance?

What are some grounds on which a contract can be considered voidable?