Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Bill - I will buy 2,000 sweatshirts from you. Tom - OK. You have a deal. Is this an agreement under the UCC? Discuss,

4. Bill - "I will buy 2,000 sweatshirts from you." Tom - "OK. You have a deal."

Is this an agreement under the UCC? Discuss, why or why not?

Presume it was an agreement under the UCC (it may not be). Tell me what term the UCC would imply as far as each term in the agreement above, if it were not listed in the contract:

PRICE PAYMENT TERM

TIME FOR DELIVERY DURATION OF AGREEMENT

LOCATION OF DELIVERY Payment of Freight/Delivery Costs

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

Step: 3

blur-text-image

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

International Finance Transactions Policy And Regulation

Authors: Hal S. Scott

15th Edition

159941547X, 978-1599415475

More Books

Students also viewed these Finance questions

Question

Compute the present value, P, for the following cash flows

Answered: 1 week ago

Question

highlight how to collect and record interview and diary based data;

Answered: 1 week ago

Question

clarify the relationship between research, theory and practice;

Answered: 1 week ago

Question

evaluate the quality of your data;

Answered: 1 week ago