Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A sheep rancher agreed in writing to sell all the wool shorn during the shearing season to a weaver. The contract failed to establish the

A sheep rancher agreed in writing to sell all the wool shorn
during the shearing season to a weaver. The contract failed to
establish the price and a minimum quantity of wool. After the
shearing season, the rancher refused to deliver the wool. The
weaver sued the rancher for breach of contract. Under the Sales
Article of the UCC, will the weaver win?

Yes, because this was an output contract.
Yes, because both price and quantity terms were omitted.
No, because quantity cannot be omitted for a contract
to be enforceable.
No, because the omission of price and quantity terms
prevents the formation of a contract.

Step by Step Solution

3.41 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Detailed Answer ... 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

Essentials of Business Law

Authors: Anthony Liuzzo

9th edition

007802319X, 978-0078023194

More Books

Students also viewed these Accounting questions