Question
Assessing the existence of a contract: No written sales agreement Shoe Manufacturer S holds products available to ship to customers before the end of its
- Assessing the existence of a contract: No written sales agreement Shoe
Manufacturer S holds products available to ship to customers before the end of its current fiscal year. Shoe Shop T places an order for the product, and S delivers the product before the end of its current fiscal year. S generally enters into written sales agreements with this class of customers that require the signatures of the authorized representatives of both parties. S prepares a written sales agreement and its authorized representative signs the agreement before the end of the year. T does not sign the agreement before the end of Ss fiscal year. However, Ts purchasing department has orally agreed to the purchase and stated that it is highly likely that the contract will be signed in the first week of Ss next fiscal year. Is T legally obligated to pay for the product shipped to it from Manufacturer S? Explain in 2 sentences or less
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