Contract Law In Maryland

Summary

Contracts in Maryland are governed by Maryland Contract Law, the Uniform Commercial Code (UCC) for commercial transactions, and common law for service contracts. The Maryland Code, Commercial Law Article, and Maryland Courts and Judicial Proceedings Article are key statutes. Insurance policies are not considered goods under UCC § 2-105 but are contracts for services, as they provide financial protection rather than a physical item.

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what statutes would you cite in order to describe which law governs a transaction?
To determine which law governs a transaction in Maryland, you might consider citing the following statutes and codes:
- **Maryland Code, Commercial Law Article:** This includes the Maryland version of the Uniform Commercial Code (UCC), which governs commercial transactions.
- **Maryland Contract Law:** General principles derived from Maryland case law and statutes.
- **Maryland Courts and Judicial Proceedings Article:** For procedural aspects related to contract enforcement.
Could you specify the type of transaction you're concerned about? This will help in providing more precise information.
is an insurance policy a good under article *? *-*?
Thank you for your question. Under Maryland's version of the Uniform Commercial Code (UCC), Article * (which deals with the sale of goods), an insurance policy is not considered a "good."
- **UCC § *-*:** Defines "goods" as all things (including specially manufactured goods) which are movable at the time of identification to the contract for sale.
Insurance policies are considered contracts for services, not goods.
Is there anything specific regarding insurance policies you'd like to know more about?
why is it a contract for services?
Thank you for your question. An insurance policy is considered a contract for services because it involves the insurer providing a service (financial protection against specified risks) rather than selling a physical, movable item.
Would you like more detailed information on how insurance contracts are regulated in Maryland?