Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The agreement between Cagle and Schmieding left open the price, quantity, and time for delivery. Since this is a sales of goods contract, the

1. The agreement between Cagle and Schmieding left open the price, quantity, and time for delivery. Since this is a sales of goods contract, the UCC governs it, and the UCC is tolerant of some open terms to an extent. According to the textbook's section on open terms, when would a contract not fail for indefiniteness under the UCC? 2. Given your answer to #1, do you think the court should enforce this as a valid sales contract even though the price, time, and quantity weren't definitely expressed in the oral contract? Explain your reasoning

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The General Model Of Working Capital Management

Authors: Rodrigo Zeidan

1st Edition

9811933332, 978-9811933332

More Books

Students also viewed these General Management questions