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Imagine you are a senior manager in a U.S.manufacturing firm,procuring component parts and services from various states. What is required for a valid contract?Per the

Imagine you are a senior manager in a U.S.manufacturing firm,procuring component parts and services from various states.

  • What is required for a valid contract?Per the Chapter reading,explaincontract formation anddifferences pursuant to common law versus the Uniform Commercial Code.Why is it important to distinguish and identify which applies in business?

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