Question
Name two important differences between common law contract formation and the UCC formation rules. If I am restaurant owner and always order ripe tomatoes from
- Name two important differences between common law contract formation and the UCC formation rules.
If I am restaurant owner and always order ripe tomatoes from a local tomato farmer, we develop a standing relationship for them to make a bushel of tomatoes available by the door to their warehouse for me every Tuesday.I call his answering machine and leave a message that I want 30 green tomatoes added to the order next week.He never calls me back.
- Do we have a contract for the regular tomatoes?
- Do we have a contract for the green tomatoes?
- Whether we do or not, how would we both know the price for either of them?
- If I say we did not have a written contract and refuse to pay him and he takes me to court, how would he prove we had a contract?
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
