Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Merchant Buyer sent a purchase order (Buyer's Form) to Merchant Seller, requesting Seller to send 10 engines to Buyer for cash upon delivery. Buyer's Form
- Merchant Buyer sent a purchase order (Buyer's Form) to Merchant Seller, requesting Seller to send 10 engines to Buyer for cash upon delivery.
- Buyer's Form said: "All of the normal UCC warranties apply" regarding the engines.
- Buyer's Form also had the following term: "THIS OFFER IS EXPRESSLY CONDITIONED ON SELLER'S ASSENT TO ALL OF THE TERMS CONTAINED HEREIN."
- Seller then sent its own form (Seller's Form) back to Buyer.
- Seller's Form said Seller gave "No Warranties" regarding the engines.
- Seller's Form also had the following term: "THIS OFFER IS EXPRESSLY CONDITIONED ON BUYER'S ASSENT TO ALL OF THE TERMS CONTAINED HEREIN."
- Seller then shipped the 10 engines to Buyer.
- Buyer then paid Seller for all 10 engines.
- Nothing else was communicated between the parties.
Which of the following statements is TRUE?
There is no contract because the engines, when installed, made a whirr-bang-wheng-whirr-bok-bok-bok sound.
No contract was formed between Buyer and Seller because both parties' forms are "knocked out" by their inconsistencies with each other.
Buyer and Seller formed a contract based only on Seller's terms.
Buyer and Seller formed a contract consisting of the terms on which the parties' writings agreed, together with "gap-filler" provisions of the Uniform Commercial Code.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below Buyer and Sel...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started