Generally contracts are formed once the offerer and offeree have agreed on all the details of an agreement. The UCC have made exceptions to this rule and now allow parties to enter into enforceable contracts before all the details have been ironed out. Select two terms that can be left open and how the court will resolve them if the parties can not come to an agreement.

11 ease begin to read the Sales Contracts chapter. Contracts are the foundation of the Business world. Without ontract law there would be no agency law and there would be no business transactions. It would be anarchy and maos but luckily that is not the case. Please read the chapter and answer the following questions. . What sort of transactions does Article 2 of the UCC cover? 2. Who are "merchants and why is it important to hold them to a higher standard? 3. Generally contracts are formed once the offeror and offeree have agreed on all the details of the agreement. The UCC have made exceptions to this rule and now allow parties to enter into enforceable contracts before all the details have been ironed out. Select two terms that can be left open and how the court will resolve them if the parties can not come to an agreement