Question
(In answering this question, you may assume that the UCC Statute of Frauds, 2- 201, is satisfied, and is therefore not an issue.) Suppose that
(In answering this question, you may assume that the UCC Statute of Frauds, 2- 201, is satisfied, and is therefore not an issue.)
Suppose that the foregoing dispute between Kid-Vid and Toy Box was resolved amicably and that things went smoothly...for a while. Then, the cost of microchips integral to the manufacture of Robots doubled. Yesterday, Tom Terrific received a letter from Karen in which she wrote, "Our ability to supply Robots to Toy Box will be hampered, unless TOY BOX will consider paying $18 per Robot instead of $10." Tom wrote back, "Times are tough and you have us over a barrel because you are the only source for Robots. Let's split the difference. We will pay $14 a Robot, if that is what is required to get you to ship." Karen replied, "It's a deal at $14." Assume that Kid-Vid shipped the Rbots, but that Toy Box then refused to pay more than $10 per Robot.
Does Toy Box have any defenses to an action for the price by Kid-Vid? Explain why or why not.
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