Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Buyer sends a purchase order to Seller, ordering 3,000 cubic yards of sand for $25 per cubic yard. Seller responds with a sales confirmation invoice

Buyer sends a purchase order to Seller, ordering 3,000 cubic yards of sand for $25 per cubic yard. Seller responds with a sales confirmation invoice that is identical to the purchase order on all terms (including price, delivery date, etc.), but it includes a clause in pre-printed language on the invoice that says any disputes must be settled by arbitration. Buyer receives the sales confirmation invoice and does nothing. If neither party has performed yet:

A. There is no contract because of the mirror image rule B. There is no contract because of the gap-filling rule C. There would be no contract under the common law, but there is a contract under the UCC D. There is a contract only if both parties are merchants

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

Accounting Information Systems basic concepts and current issues

Authors: Robert Hurt

3rd edition

130855849X, 978-1308558493, 78025338, 978-0078025334

More Books

Students also viewed these Law questions