Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pierre, the owner of Duncan Bakeries, telephoned an oven manufacturer and ordered a customized oven to replace his old one. Due to the unique features,

Pierre, the owner of Duncan Bakeries, telephoned an oven manufacturer and ordered a customized oven to replace his old one. Due to the unique features, the oven was not adaptable for use by other bakers. The contract price was $10,050. The oven was constructed according to Pierre's specifications, but Duncan Bakeries later refused to accept or pay for it. In this situation: Group of answer choices The Statute of Frauds applies prohibiting recovery by the oven manufacturer The transaction is not covered by Article 2 of the UCC because it is a contract for the performance of services Because Duncan did not accept delivery, it is not required to pay Oven manufacturer probably will win an action for the price of $10,050

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

More Books

Students also viewed these Accounting questions

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago

Question

5. Describe the relationship between history and identity.

Answered: 1 week ago