Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kim's Shelving, Inc. sells and installs shelving systems. National Deli, LLC , entered into a signed written contract with Kim's to provide and install a

Kim's Shelving, Inc. sells and installs shelving systems. National Deli, LLC, entered into a signed written contract with Kim's to provide and install a parallel rack system in National's warehouse. The contract did not provide for the price of the system. Shortly before performance was to begin, National decided it wanted to go with another seller and notified Kim's it was cancelling the contract. Kim's filed suit for breach of contract. The trial court determined the service portion of the contract constituted the predominant purpose of the contract. As a result, the court likely found as follows regarding the enforceability of the contract:
The contract was enforceable because of the UCC's implied obligation of good faith.
The contract was enforceable because the missing price component could be determined by what was reasonable in the trade under the UCC.
The contract failed for indefiniteness (was unenforceable) because of the missing price component.
The contract failed for indefiniteness, but the court could save it by using the "knock-out" rule.
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Project Management Achieving Competitive Advantage

Authors: Jeffrey K. Pinto

3rd edition

132664151, 978-0132664158

More Books

Students also viewed these General Management questions

Question

1. What hints do you get from this case that Baxter is charismatic?

Answered: 1 week ago