Question
Bill - I will buy 100 watches from you for the standard price. (The last standard price is $2) Tom - OK, great. We have
Bill - "I will buy 100 watches from you for the standard price." (The last standard price is $2) Tom - "OK, great. We have a deal at $3."
Tell me if you think they have an enforceable contract, and why.
Only for purposes of this next question, presume they have an agreement, and tell me what terms are implied by the UCC in their agreement, if they are not specifically included in any agreement.
What would the price be, and why?
When is payment due?
By when must be delivery be made?
Where must delivery be made?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
1 Enforceable Contract No they dont have an enforceable contract Bill made an offer to buy 100 watch...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
